Tesla wins U.S. antitrust approval to buy SolarCity
SolarCity is the No. 1 residential solar company in the U.S. Photo credit: BLOOMBERG
WASHINGTON — Tesla Motors Inc. has won U.S. antitrust approval to buy solar panel installer SolarCity Corp, the Federal Trade Commission said today.
The deal was on a listing of proposed transactions that have won “early termination.”
The deal was announced on Aug. 1 and is part of an effort by Tesla to improve economies of scale in electrical energy management systems, battery production and marketing.