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Reuters/Rashid Umar Abbasi
Elon Musk has too many titles to fit in this caption.
SYNERGY

Here are all of Elon Musk’s entanglements with SolarCity

By Alison Griswold

Tesla, the electric car company of which Elon Musk is chairman, chief executive, and the largest shareholder (with a 26.5% stake), has just made an offer to acquire SolarCity, the clean energy company of which Elon Musk is chairman and the largest shareholder (with a 22.2% stake.)

The stock deal values SolarCity at up to $2.8 billion, or between $26.50 and $28.50 per share. That’s a premium of about 20% to 30% over SolarCity’s Tuesday closing price of $21.19.

Here are some of Elon Musk’s other entanglements with SolarCity:

Musk said on a conference call following the announcement that he is recusing himself from the vote on the Tesla-SolarCity merger.

“Of course, the shareholders will make the final decision,” Lyndon Rive said.

“This would only move forward if there’s a majority vote of the non-me shareholders in the company,” Musk added.

Shares of SolarCity jumped 17% in after-hours trading. Shares of Tesla slid 11%.