Tesla acquisition history

SolarCity was the largest residential solar installer in the United States, financing, installing and servicing rooftop photovoltaic systems for homeowners and businesses. Tesla folded it into a combined energy business so that solar generation, home battery storage (Powerwall) and grid-scale storage (Powerpack) could be sold and installed as one integrated offering. Under the merger, each SolarCity share converted into 0.110 of a Tesla share, and the GAAP fair value of consideration transferred was about $2.1 billion (roughly 11.1 million Tesla shares at $185.04). SolarCity became a wholly owned Tesla subsidiary and its SCTY listing was retired. Approximately $2.1 billion (all-stock; 0.110 Tesla share per SolarCity share).

We're pleased to announce that Tesla's acquisition of SolarCity closed this morning.Tesla — Inc., closing announcement (8-K Exhibit 99.1, Nov 21, 2016)

Maxwell Technologies was a San Diego-based energy storage and power delivery company whose two product lines were ultracapacitors and an emerging dry battery electrode manufacturing process. Tesla pursued the deal chiefly for that dry electrode technology, which Maxwell believed could raise energy density and cut cost for lithium-ion cells, plus Maxwell's engineering workforce. The transaction was structured as a stock-for-stock exchange offer through Tesla's Cambria Acquisition Corp. subsidiary, initially valued at $4.75 of Tesla stock per Maxwell share; the final exchange ratio was 0.0193 Tesla share per Maxwell share. Tesla recorded purchase consideration fair value of about $207 million (902,968 Tesla shares at $229.49 on the closing date). Approximately $207 million (all-stock; 0.0193 Tesla share per Maxwell share).

On May 16, 2019, we completed our strategic acquisition of Maxwell Technologies, Inc., an energy storage and power delivery products company, for its complementary technology and workforce.Tesla — Inc. FY2019 Form 10-K, Business Combinations note