799px-Tesla_Model_S_Indoors_trimmedTesla confirmed officially that it is merging with solar energy company SolarCity. The government is expected to approve the $2.6 billion all-stock deal and the shareholders of both companies will vote on it.

Many analysts have been criticizing the deal since it was publicly proposed for the first time two months ago. Even Wall Street analysts predict that investors may be finally turning their backs on Elon Musk. Continue reading.

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