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Tesla's deal for SolarCity could speed sustainable energy

Tesla's deal for SolarCity could speed sustainable energy

Tesla wants to put its car and energy storage businesses under one solar-powered roof.

The company announced Monday it will buy solar panel maker SolarCity Corp. in an all-stock deal worth $2.6 billion. The deal must be approved by the government and shareholders at both companies. It's expected to close in the fourth quarter if it goes through.

SolarCity is the top provider of residential solar panels in the U.S. and installs about one-fifth of all commercial solar panels. It has a significant presence in Maryland, where it employs about 800 people between a Baltimore warehouse and operations and sales centers in Upper Marlboro and Beltsville.

Tesla makes two luxury...

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