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Elon Musk talks up SF event to show off Tesla/SolarCity rooftop solar

Tesla Motors Co. Chief Executive Elon Musk tweeted Thursday his company and SolarCity Corp. are aiming to host an Oct. 28 event in San Francisco to showcase a rooftop solar-power system with an integrated Powerwall, Tesla’s stationary battery, and a Tesla charger. Tesla has announced plans to by SolarCity for $2.6 billion, and recently disclosed at least four shareholder lawsuits that could potentially delay the deal. Musk is the largest shareholder in both companies. The proposed merger was announced in July and it is expected to close before the end of the year, pending a special shareholder meeting not yet scheduled. Shares of Tesla rose 0.7% on Thursday; they are down nearly 14% so far this year. That contrasted with gains of 0.5% for the S&P 500 index on Thursday and the index’s 6% gains for the year.

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Elon Musk talks up SF event to show off Tesla/SolarCity rooftop solar Reviewed by on . Tesla Motors Co. Chief Executive Elon Musk tweeted Thursday his company and SolarCity Corp. are aiming to host an Oct. 28 event in San Francisco to showcase a r Tesla Motors Co. Chief Executive Elon Musk tweeted Thursday his company and SolarCity Corp. are aiming to host an Oct. 28 event in San Francisco to showcase a r Rating:
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