The deal, valued at about $2 billion, will integrate the maker of all-electric cars and batteries with the installer of rooftop solar panels. “We’re trying to make an integrated product,” Musk said during a meeting with Tesla shareholders in Fremont, California, Thursday. SolarCity is expected to cease being a stand-alone brand, as Tesla markets its Powerwall battery for the home as a Tesla Energy Product. “Moving forward I think SolarCity becomes a part of Tesla Energy, but I don’t think that happens overnight,” said Kallo. At those prices, the all-stock deal values the solar company at $20.75 a share, a 1.7% premium over Thursday’s closing price.

Source: Mint November 18, 2016 17:43 UTC