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Tesla offers to buy SolarCity for US$2.8b

Elon Musk, chairman of SolarCity and CEO of Tesla, calls the proposed deal a "no brainer"

Mr Musk said Tesla could sell customers an electric car, a home battery and a solar system all at once.

Los Angeles

ELON Musk on Tuesday sought to build a clean-energy powerhouse as his electric car maker, Tesla Motors Inc, made an offer to buy his solar installation firm SolarCity Corp in a stock deal worth as much as US$2.8 billion.

Tesla shares plunged more than 13 per cent to US$