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Published on November 17th, 2016 | by Zachary Shahan

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Tesla’s SolarCity Acquisition Approved

November 17th, 2016 by  


As Elon Musk expected, Tesla’s acquisition of SolarCity (SCTY) was overwhelmingly approved by shareholders. Over 85% of TSLA shareholders approved.

Interestingly, that matches up quite closely with reader surveys we conducted. In our initial survey, 74% of respondents supported the acquisition. In our second survey a few months later (in mid October), 89% of respondents supported the acquisition.

tsla-scty-tesla-solarcity-acquisition

CleanTechnica’s last survey regarding the acquisition.

Looks like CleanTechnica readers (who decided to vote on the surveys) match up well with the overall TSLA investment community. Or maybe we just got lucky. 🙂

We’ve commented on this acquisition at length already, so rather than rehash the same points, I’ll just recommend reading some of those stories if you missed them:

Of course, I’d also still love to see CleanTechnica community reactions to the acquisition down in the comments. Chime in if you have fresh thoughts!

Here’s Tesla’s full statement on the news:

Tesla’s Acquisition of SolarCity Receives Shareholder Approval

Tesla’s shareholders have overwhelmingly approved our acquisition of SolarCity. Excluding the votes of Elon and other affiliated shareholders, more than 85% of shares voted were cast in favor of the acquisition. With SolarCity’s shareholders also having approved the acquisition, the transaction will be completed in the coming days.
 
We would like to thank our shareholders for continuing to support our vision for the future. We look forward to showing the world what Tesla and SolarCity can achieve together.

 
 





 

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About the Author

Zach is tryin' to help society help itself (and other species). He spends most of his time here on CleanTechnica as its director and chief editor. He's also the president of Important Media and the director/founder of EV Obsession and Solar Love. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, and Canada. Zach has long-term investments in TSLA, FSLR, SPWR, SEDG, & ABB — after years of covering solar and EVs, he simply has a lot of faith in these particular companies and feels like they are good cleantech companies to invest in. But he offers no professional investment advice and would rather not be responsible for you losing money, so don't jump to conclusions.



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