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Major Tesla investors support SolarCity deal

But critics point to conflict of interest, raise concerns about uniting 2 money-losing firms

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Mr Musk, a founder of Tesla and SolarCity who owns about a fifth of each, will recuse himself from board and shareholder votes, leaving the fate of the deal in the hands of outside investors, led by major fund companies such as Fidelity Investments.

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Mr Musk, a founder of Tesla and SolarCity who owns about a fifth of each, will recuse himself from board and shareholder votes, leaving the fate of the deal in the hands of outside investors, led by major fund companies such as Fidelity Investments.

New York

SOME of Tesla Motor Inc's biggest investors have signalled support for chief executive Elon Musk's plan to buy solar power company SolarCity Corp, although the electric car maker's stock cratered on Wednesday, lopping more than the US$2.8 billion value of the proposed deal off

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