Tesla shareholders approve acquisition of SolarCity

Reuters

Published Nov 17, 2016 04:18PM ET

Tesla shareholders approve acquisition of SolarCity

LOS ANGELES (Reuters) - Tesla Motors Inc (O:TSLA) shareholders voted "overwhelmingly" in favor of acquiring SolarCity Corp (O:SCTY) on Thursday, handing a victory to Chief Executive Elon Musk as he tries to create a carbon-free energy and transportation company.

The company's special meeting of stockholders was broadcast live on the Internet.