Tesla Motors Inc, SolarCity Corp Merger Details Will Be Announced Today

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Tesla Motors Inc, SolarCity Corp Merger Details Will Be Announced Today
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Tesla has confirmed that it will provide more details on the acquisition of SolarCity on Tuesday after market close. The company already made everyone aware of its intentions earlier this month, and now it is just confirming the details, notes Electrek.

Final chance to convince investors

Earlier, there were expectations that Tesla would release more financial details and how it plans to run the combined company, but there was no clarity over the form it would take. However, the company has now made it clear that the announcement will start with a post on Tesla’s blog and on the investor relations website on Tuesday at 4 p.m. Eastern (UTC-4). Next in line will be a Q&A with Tesla’s and SolarCity’s management teams.

Tesla released the following details of the Q&A session in a press release: What: Questions & Answer Webcast to discuss Tesla’s pending acquisition of SolarCity; When: Tuesday, November 1,2016; Time: 2.00 pm Pacific Time/ 5.00pm Eastern Time; Blog: http://ir.tesla.com; Webcast: http://ir.tesla.com (live and replay).

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