Tesla’s shareholders just announced their overwhelming approval of the company’s merger with SolarCity. The vote paves the way for the $2.6 billion acquisition to occur “in the coming days.” The combination of energy generation, home power storage, and transportation into one integrated provider is an unprecedented – and exciting – step toward the future.
“Excluding the votes of Elon and other affiliated shareholders, more than 85% of shares voted were cast in favor of the acquisition,” a blog post from Tesla explained. The companies showed what their combined powers can do with the release of solar-powered roof tiles earlier this month. Elon Musk, CEO of Tesla, has also hinted at using the technology to deck out the Model 3 with a solar-powered glass roof.
It is clear that the long-term potential for this merger is vast, and Musk’s vision for the future appears to be limitless. He’s already planning to unleash compact SUVs, buses, and fully autonomous vehicles in the years to come. By acquiring SolarCity, he hopes to “create the world’s only integrated sustainable energy company” and “look[s] forward to showing the world what Tesla and SolarCity can achieve together.”
Via The Verge
Images via Tesla and Flickr)