Tesla doing business with SolarCity

Tesla shareholders have voted in favor of acquiring SolarCity Corp, the United States' largest solar panel installer. More than 85 per cent of shares voted were cast in favour of the acquisition.  With SolarCity's shareholders also having approved the acquisition. Chief executive Elon Musk  is now one step closer to achieving a carbon-free energy and transportation company. As part of the meeting, which took place on Thursday, Tesla told its shareholders that SolarCity should generate “more than half a billion dollars in cash over the next three years” for the new combined company. Musk proposed the merger in June, saying he wanted to create a one-stop shop for solar panels and electric cars. The all-stock deal was worth $2.6 billion when the companies approved it in August, although declining share prices will possibly decrease the value.