Those products would include electric automobiles, battery storage and solar panels for the commercial and residential markets.
Tesla, an electric car manufacturer, says it intends to offer $26.50 to $28.50 per share for SolarCity shares, or a premium of roughly 21% to 30% above the closing SolarCity price of $21.19 in New York on Tuesday.
Tesla will finance the deal through the issuance of stock.
