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Tesla completes $2 billion buy of SolarCity, Colorado's biggest solar installer

Denver Business Journal

Tesla Motors Inc., Elon Musk's electric-car maker, has completed its $2 billion all-stock acquisition of solar-panel installer SolarCity Corp. in a bid to create a company that can sell cars and solar power units at its stores. The deal now is worth a lot less than its $2.6 billion value when it was announced in August as the companies' share price has fallen. The tie-up deal combines two businesses involved in different aspects of solar-power technology.