Tesla makes bid to buy SolarCity for as much as $2.78 billion

Tesla has made an offer to acquire SolarCity, the solar energy company Elon Musk cofounded nine years ago. In a blog post announcing the deal, Tesla says it has offered to buy the company for “approximately 21% to 30% over the closing price of SolarCity's shares.” SolarCity closed the day with a market cap of $2.14 […]