Tesla offers $2.6B for SolarCity to speed sustainable energy
Tesla, a 13-year-old maker of electric cars and energy storage systems, said Monday that the tie-up would create a one-stop shop for cleaner energy.
With one service call, customers could get their solar panels installed and connected to Tesla's Powerwall storage unit, which preserves energy for later use.
Tesla is working feverishly on its new, lower-cost Model 3 sedan, which is due out by the end of next year, and Musk recently said the company is also working on electric buses and semi-trucks.
[...] SolarCity said Monday that it experienced lower-than-expected residential bookings in the first half of the year, so it's reducing its full-year guidance for megawatts installed to a range of 900 to 1,000 megawatts.
"The point of the merger is to get rid of the conflicts," he said.
[...] it's very limited what we can do unless we are one company.