This week, Tesla announced the acquisition of SolarCity, the largest rooftop solar panel provider in the United States, for US$2.6 billion in shares. The transaction's valuation of SolarCity common stock was US$25.37 per share. At the beginning of this transaction, Tesla will provide a one-stop shop for clean energy users, and SolarCity will officially become a wholly-owned subsidiary of Tesla. For Tesla CEO Elon Musk, the merger is an important part of his future blueprint. This is also the largest transaction case in the new energy sector.
Last month, Musk announced the latest version of the "Super Secret Plan", Tesla will vigorously expand the field of driverless cars and car sharing. Obviously, in the unmanned area, solar panels are crucial for unmanned vehicles. Musk hopes to use the combined company to provide users with a uniform source of hardware and promote people's low-carbon lifestyle.
The purpose of the deal was to create a vertically integrated company with a nationwide retail network that sells electric cars, rooftop solar systems, and wall-mounted energy storage devices for homes and charging stations. Most of these products will be manufactured by Tesla itself.
However, the acquisition was questioned by Tesla shareholders. Shareholders believe that Tesla should add two independent directors to the board of directors and decentralize the chief executive officer and the chairman of the board of directors to break the current "dictatorship" of Musk. The main cause of the dissatisfaction is this time. Acquisition of SolarCity's resolution.
Many people in the industry also indicated that the acquisition was merely Muskâ€™s self-help and was a loss-making companyâ€™s acquisition of another loss-making company. But will it be upright? Time will be the witness.
On Monday, SolarCity shares fell 7.4% to $24.72. The company also lowered its outlook for this year. Tesla shares fell 2% to $230.01.
Flush Mount Socket,Recessed Tabletop Socket,Concealed Mounting Socket,Recessed Mounted Power Strip
Dongguan baiyou electronic co.,ltd , https://www.dgbaiyou.com