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Just four days after shareholders gave their thumbs-up, SolarCity is now officially a wholly owned subsidiary of Tesla Motors Inc.
According to the filing with the Securities and Exchange Commission, each SolarCity share was converted into 0.11 Tesla shares and that the former company is crossed off of the Nasdaq market quotes. 451 more words
The $2 billion Tesla-SolarCity merger went into effect today, just four days after Tesla Motors’ shareholders gave their approval.