US$10 M Financial Agreement Powers SolarCity

Foster City, California [] A recently announced US$10 million financing agreement will fuel SolarCity’s expansion in operations, research and development, and marketing of its comprehensive solar power solutions. As the principle investor, Elon Musk will take the position of Chairman of the Board at SolarCity. Elon is also the primary investor and chairman of the board of Tesla Motors, a new American electric car company.
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