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Tesla, Solar City Close To Merger

  • Reuters, Tuesday, July 26, 2016 8 AM

Tesla Motors and SolarCity Corp have made progress in putting together a deal that will merge the electric car maker and the solar panel installer, people familiar with the matter said. The two companies, which count billionaire Elon Musk as a major shareholder, are in the final stages of carrying out due diligence on each other.

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