Yesterday, Elon Musk surprised a lot of people when he announced that Tesla (TSLA) has made an offer to acquire SolarCity (SCTY). The entrepreneur is the largest individual shareholder of both companies – he owns about 21% of Tesla and 22% of SolarCity. Some Tesla shareholders are already calling the deal a “bailout” of SolarCity, especially…
Featured
SpaceX Wants To Launch Its First Super Internet Satellites In 2019
SpaceX has its sights set on Mars, but that doesn’t mean it has forgotten about Earth. Elon Musk’s company yesterday outlined its plan to put a network of internet-providing satellites around our planet, stating in a Senate hearing on broadband infrastructure that it wanted to start sending the craft into space in 2019, before the…