Tesla's Musk wins approval for SolarCity dealStaff Writer | November 18, 2016
Tesla Motors CEO Elon Musk won approval from shareholders for an acquisition of SolarCity Corp, the solar energy system installer in which he is the largest shareholder.
Green energy Overwhelmingly approved by 85 percent
Tesla said the deal was "overwhelmingly" approved by 85 percent of unaffiliated shareholders. Shares rose 1.3 percent in after-hours trade after gaining 2.6 percent in the regular session to close at $188.66.
"Your faith will be rewarded," Musk told shareholders assembled at the company's Fremont, California, facility. ■