Tesla and SolarCity

Review Journal 2018-01-04

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Tesla bought SolarCity in November 2016 for $2.6 billion SolarCity was the leader in the installations of rooftop solar panels in the residential market since at least 2012 Peter Rive, the co-founder of SolarCity, is the cousin of Tesla CEO Elon Musk Tesla changed SolarCity's business model following the merger

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