What solar company did Tesla buy out?
Tesla bought out SolarCity, a prominent provider of residential solar energy systems in the United States, in a landmark deal executed in 2016. The acquisition brought together Tesla's electric vehicle and battery storage technologies with SolarCity's solar panel installation infrastructure. Although the transaction faced initial shareholder scrutiny and legal challenges regarding governance conflicts, it ultimately allowed Tesla to rebrand and expand its operations into comprehensive consumer and commercial clean energy solutions under the Tesla Energy banner.
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