Tesla's bid for SolarCity would bring two Elon Musk companies together

Tesla Motors Inc. has offered to buy SolarCity Corp., a $2.8-billion deal that would unite two Bay Area companies funded and driven by Los Angeles billionaire Elon Musk.

If a deal for the struggling rooftop solar giant is approved, Tesla would become more than just an electric car maker, evolving into an increasingly diverse company with interests across a range of green technologies.

“The world does not look for another car company, the world looks for sustainable energy companies,” Musk told reporters and analysts in a call Tuesday.

The combination would allow customers to generate solar power from Tesla rooftop installations, store the energy in Tesla batteries and transfer the energy into Tesla electric cars.

“It’s now time to complete the picture,” Tesla said in a blog post. “Tesla customers can drive clean cars and they can use our battery packs to help consume energy more efficiently, but they still need access to the most sustainable energy source that’s available: the sun.”

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