Tesla and SolarCity Agree to $2.6 Billion Deal
Elon Musk’s Tesla Motors Inc. reached an agreement to buy SolarCity Corp. for $2.6 billion, about $300 million less than an initial proposal criticized as a “bailout” for the solar company in which he’s the largest shareholder. SolarCity investors will receive $25.37 a share in stock under the agreement, according to a statement Monday. Musk …