ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2023
  • Adani Saga
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Real Estate
    • Home Buyers
    • Builders
  • Axis MF
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • Viral
    • Education
    • Jobs
Read in App
Business News » Companies News

Tesla wins US antitrust approval to buy SolarCity

Tesla said in July after it made its first offer that by acquiring SolarCity the two companies would form a one-stop clean energy shop.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Tesla wins US antitrust approval to buy SolarCity
The logo of U.S. car manufacturer Tesla is seen in Zurich. Photo: Reuters

Tesla Motors Inc has won US antitrust approval to buy solar panel installer SolarCity Corp, the Federal Trade Commission said on Thursday.

The deal was on a listing of proposed transactions that won quick approval because the merging companies have few or no overlaps.

Tesla said in July after it made its first offer that by acquiring SolarCity the two companies would form a one-stop clean energy shop, offering consumers solar panels, home battery storage and electric cars under a single brand. The deal was announced on Aug. 1.

The share prices of both SolarCity and Tesla were up 0.2% on Thursday.

SolarCity has come under pressure from rivals offering low-cost solar energy through large, utility-scale installations, and because some state governments have reined in subsidies that encouraged rooftop solar.

Neither Tesla nor SolarCity immediately responded to a request for comment.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Tesla MotorsTesla Solar City MergerSolar CityUS Federal Trade CommissionSolar EnergyAuto
Written By: Reuters
Updated: Thu, Aug 25, 2016
11:29 pm
Washington, Reuters
RELATED NEWS
 SolarCity says Tesla talks delayed closing project financing SolarCity says Tesla talks delayed closing project financing
SolarCity agrees to $2.6 bln buyout offer from Tesla SolarCity agrees to $2.6 bln buyout offer from Tesla
Tesla, SolarCity set to announce merger on Monday Tesla, SolarCity set to announce merger on Monday

LATEST NEWS

US Stock Market: Dow Jones, Nasdaq, S&P 500 jump ahead of Fed rate decision; all eyes on Jerome Powell's speech

Budget 2023: No income tax up to Rs 7 lakh; new Income Tax slabs rejigged - details

Sanjiv Bhasin stocks, strategy on Zee Business: BUY Bank of Baroda, IDFC First Bank, Concor, Ultra Tech, SBI | Check price targets

From RVNL to IRCON to IRCTC: Railway-related stocks in limelight ahead of Union Budget

Samsung Galaxy S23 Ultra Vs Galaxy S23 plus Vs Galaxy S23: Specification, Price comparison and other details

Budget 2023: New Income Tax regime standard deduction - check amount

Budget Stocks 2023 on Zee Business with Anil Singhvi: Buy IRB Infra, L&T, MSTC, Apollo Tyres - check price target

ITC shares fall and then recover after government hikes cigarette taxes — do investors need to panic?

Budget 2023: Massive hike in Senior Citizen Savings Scheme, Post Office Monthly Income Scheme; Govt doubles deposit limit | Details

Inception meeting of Startup20 concludes in Hyderabad

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. India Dot Com Private Limited. All Rights Reserved.
LIVE TV