Tesla reaches 2.6bn deal to buy SolarCity

NEW YORK: Electric carmaker Tesla said Monday it won agreement from SolarCity to acquire the solar power company for $2.6 billion, confirming a deal that has been criticized on Wall Street. Tesla announced the bid in late June, but it drew jeers on Wall Street, in part because of skepticism over the motives of Tesla chief executive Elon Musk, who is also chairman of SolarCity as well as its biggest shareholder. Some analysts also questioned whether the deal – which still requires sharehold