Tesla, SolarCity could unveil merger plans as early as Monday

Tesla Motors and SolarCity are expected to announce merger plans on Monday, Reuters reports. The companies would then have to convince their respective shareholders to approve the deal. Tesla CEO Elon Musk, who also serves as SolarCity's chairman, is pushing for the merger with solar leasing group, which is run by his cousin, CEO Lyndon Rive. Musk, the biggest shareholder of both companies, argues that a merger would be a win for both companies, facilitating SolarCity's access to the electric carmaker's ...

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