Ron Burgundy Posted June 22, 2016 Share Posted June 22, 2016 By Nichola Groom and Paul Lienert LOS ANGELES/DETROIT (Reuters) - Elon Musk on Tuesday sought to build a clean energy powerhouse as his electric car maker, Tesla Motors Inc , made an offer to buy his solar installation firm SolarCity Corp in a stock deal worth as much as $2.8 billion. Tesla shares plunged more than 13 percent to $189.99 in extended trading - amounting to a loss in value of about $4.3 billion, or more than the value of the offer for the other company. Shares of SolarCity rose about 18 percent to $25.02. View the full article Quote Link to comment Share on other sites More sharing options...
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