Tesla Motors and SolarCity are closer to combining their empires to form what could be the world’s largest solar and energy storage company, as the final referendum for the merger has been officially set for 17 November 2016.
In this week's Movers & Shakers, PV Tech reports some recent industry mergers and acquisitions, dramatic UK solar job losses and an equally dramatic opportunity for job growth in the US with Tesla's new Gigafactory in Nevada.
Last night, chief of Tesla and chairman of SolarCity Elon Musk put in a bid to acquire the largest residential solar installer in the US, SolarCity, which is headed by his cousins Lyndon and Peter Rive. PV Tech traces back over time for key moments that set the tone for Musk's latest grand move.
Warren Buffett, chairman and CEO of multinational conglomerate holding company Berkshire Hathaway, has confirmed that Elon Musk contacted him directly about the Nevada net metering row and was "unhappy".
Leading US installer SolarCity is raising US$113 million through a bond sale to technology investor, Silver Lake Kraftwerk, the company's chairman, Elon Musk, and CEO Lyndon Rive.
