Tesla wins U.S. antitrust approval to buy SolarCity

by admin August 27, 2016 at 9:13 pm

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.

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