Tesla and SolarCity to host conference call at 8.00 a.m. ET to discuss combination
Tesla Motors Corp. and SolcarCity Corp. will host a conference call at 8.00 a.m. Eastern Monday to discuss Tesla's plan to acquire SolarCity. The companies will provide an investor presentation to the investor relations sections of their websites. Tesla first announced its plan to acquire SolarCity in June, and Tesla Chief Executive Elon Musk -- who is the biggest shareholder of both companies -- has said the deal would help transition the car maker into an energy company specializing in using batteries to generate and store power. SolarCity shares were halted premarket for news, while Tesla edged slightly lower. S&P 500 futures were slightly higher.
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