SolarCity stockholders will receive 0.110 Tesla common shares per SolarCity share. Tesla, which is headquartered in Palo Alto, Calif., previously said it would offer $23.56 to $25.30 per SolarCity share.
A majority of each company's independent shareholders must also vote to approve the acquisition, which Tesla expects to close in the fourth quarter.
Tesla said it needed to obtain "regulatory approval and meet other closing conditions" before the takeover could be completed.
But in trading Monday, SolarCity shares fell more than 7% to $24.74 while Tesla dropped 1.3% to $231.70 amid concerns about the companies' cash flow and the rationale for the deal.
In the announcement, Tesla said it hopes to scale its platform from just battery-powered cars and energy storage systems to a fully integrated sustainable energy company offering a one-stop shop for going green.
In the vision of Musk, after this agreement the company will become a clean energy giant producing the electric cars with the solar panels on their roofs and battery storage systems in the trunks.
Last month, Musk unveiled his "Master Plan" plan which laid out a vision of an integrated carbon-free energy enterprise, offering electric vehicles, auto sharing and solar energy systems.
Earlier this year in July, Elon Musk CEO of Tesla had revealed a Master Plan, Part Deux that aimed to provide consumers with a single source of hardware to fuel a lifestyle centered on low carbon lifestyle. On the call, the companies said they expect to achieve $150 million in cost synergies within the first year.
The electric vehicle manufacturer added that now is the right time for the merger citing the reason that it is getting ready to scale its Powerwall and Powerpack stationary storage while SolarCity is preparing to offer its next-generation differentiated solar solutions. SolarCity has entered into an agreement to merge with Tesla. Some analysts see it as a Tesla bailout of SolarCity.
The news of Tesla's interest in acquiring SolarCity came back in June, which tumbled Tesla's stock modestly.
The burka ban is being proposed in a country that otherwise has few restrictions on the the way people dress. A ban could require a change to the German constitution, which protects freedom of religious expression.
Before the all-around and event finals later this week, I recommend reading Nancy Armours latest column about them in USA Today . Madison Kocian , the team's uneven bars specialist, shone on the second rotation, getting a stellar 15.933 for her performance.
The UNDP said it has removed more than one million tons of rubble as well as 2,761 unexploded munitions through the project. According to a ministry spokesman, the residents of Gaza Strip can not be provided with their needs without global support.
So far, Trump has not addressed the Zika response in depth, though he told a Florida television station last week that Gov. Federal officials last week warned pregnant women to avoid the Miami neighborhood and a square-mile area around it.
During the previous three months, the company finished the design of its new vehicle the Model 3, a stylish sedan. Teslas second-quarter loss grew almost 60 percent to $293 million as it delivered fewer vehicles than planned.
We see the tremendous lengths to which Bayfield and others in Florence's elite social circle go to protect-and enable-her. Gradually, you realise, not only is the guy a much bigger star than me, he's maybe the richest man I've ever met'.
But the local utility company, Georgia Power, was quick to fire back saying it was actually Delta's equipment that had failed. The company faced widespread cancellations and delays after a power failure knocked out its computer system about 2:30 a.m.
In another recent case, former Alabama receiver Chris Black transferred to Missouri as a graduate transfer last season. Earlier on Wednesday, LSU athletics director said the SEC's rule on graduate transfers "probably" should be examined.
Wimbledon champion Murray, the second seed, clinched an eighth win in eight meetings against Serbia's Viktor Troicki, 6-3, 6-2. The top-ranked Djokovic was swept out of the singles tournament at the Olympics in the first round Sunday by the 2009 U.S.
Tsuchida is a former Imperial Navy sailor who fought on the island of Peleliu, in the Western Pacific, during World War II. He and his wife, Empress Michiko, frequently visit areas that have been hit by natural disasters to console victims.
The Pirates held out 1B John Jaso, who bruised and blackened an eye during a collision at the plate Tuesday. Pirates: C Francisco Cervelli did not play after leaving Wednesday's game with left wrist discomfort.
His first event was the Men's 100m freestyle relay where he won the first gold medal of the Summer Games. Phelps announced his retirement after the 2012 Olympics. "It's insane to think about", Phelps said.
Chancellor Katehi advised President Napolitano that there were "no issues" related to the employment of her family members. According to President Napolitano, University officials are now beginning a nationwide search for a new chancellor.
She was a 20-year-old newlywed who headed off to Prairie Dunes in Kansas in 1980 and won the first of three straight U.S. He added that while he's excited to build relationships with other athletes, he's going to Rio for a win.
Ankara has repeatedly said the coup attempt was organized by followers of USA -based preacher Fetullah Gulen and FETO. Moscow's military support for Syria's President Bashar al-Assad has been credited for helping to keep him in power.
The Ali Cloud, known as Aliyun in Chinese, saw an increase of 175 per cent at $165 million in the quarter ended March 2016. The help offered by Alibaba would let companies overcome their problems that they face in entering the Chinese market.
Other specs of the V20 are said to include a 5.7in screen with 2560 x 1440 resolution, Snapdragon 820 processor and 4GB of RAM. The announcement comes hot on the heels of the news that the V20 will run Android 7.0 Nougat out of the box.
Tuesday the United States is expected to repeat the gold it won easily in 2012 and give it to Karolyi as a retirement present. At the USA trials in July, she put in a series of shaky performances, including falling off the beam.
Instead, he's back in Cleveland - or wherever - working on helping the Cleveland Cavaliers repeat as world champions. Following a league-wide trend of playing fewer preseason games, the Cavs will engage in just six this year.
He said the customer will be given custom preferences and then sent to the customer as a kit so that it can be installed. Currently, solar panels look nearly exactly the same as when the first residential panels were introduced in 1978.
"I said I could work with her eye to eye and face to face, and across the table when there was no staff or no press". She has promised more money for education, a higher federal minimum wage and increased support for small businesses.
Her rival said afterwards: "I'm just happy to be here - a week ago I didn't even know if I'd race, because I'm Russian". He also continued a streak of US dominance in the backstroke, which Americans have won in the past six summer Olympics.
Finnegan walked six (one intentionally) and struck out five. "That one was more important than a simple win". Molina started the inning with a leadoff single, but Tony Cingrani (2-4) retired the next two hitters.
O'Connor closed on Hosszu as they both approached the wall but the Hungarian held on to set a new Olympic record of 2:06.58. After she claimed her Olympic medal O'Connor said, "It is an absolutely awesome feeling".
Workers are demanding an increase of between 8.5 and 10 percent while Eskom is standing firm at a 7 precent increase. Eskom spokesman, Khulu Phasiwe reiterated Eskom's stance that all employees are prohibited by law from striking.