Tesla shareholders have approved the SolarCity takeover (TSLA)
Tesla shareholders voted in favor of its acquisition of SolarCity on Thursday.
More than 85% of Tesla shares voted were cast in favor of the acquisition. SolarCity's shareholders also voted in favor.
The deal is worth about $2 billion.
The transaction will be completed in the coming days, Tesla wrote in a press release.
Tesla CEO Elon Musk owns about 20% of both companies and is chairman of SolarCity. Musk is also the cousin of SolarCity's CEO Lyndon Rive.
Musk recused himself from the vot
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