Tesla and SolarCity Agree to $2.6 Billion Deal

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Electric car maker had made an offer in June to buy solar-energy company also chaired by Elon Musk

Tesla Motors Inc. on Monday said it had reached a deal to buy SolarCity Corp. for less than the price it originally proposed, as Elon Musk takes the next step forward with his plan to combine his electric-car and solar-energy companies.

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