Solar panel installer, SolarCity, has not been in a great financial position over the past few months. It's going to become one with other Elon Musk founded company, Tesla, but that won't guarantee smooth sailing for its employees. Once the merger is complete, a number are expected to lose their …
Read More »Musk buying Musk, in possible Tesla merger with SolarCity
Elon Musk's electric car company, Tesla, has announced a $2.8 billion bid for another Musk company, SolarCity. With several billion dollars worth of debt, the solar cell firm is in a prime position for a takeover and Musk hopes that by combining the two companies, the electrically compatible businesses of both can …
Read More »Google to invest $300 million in SolarCity
Google is investing $300 million in SolarCity, a residential solar system company in the US, which is backed by Elon Musk. This follows Google's earlier $280 million investment, which it made back in 2011. Solar energy isn't cheap, so SolarCity has a lot of upfront costs to look out for. …
Read More »