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Tesla to buy energy tech company: What to know about Maxwell Technologies

Tesla to buy energy tech company: What to know about Maxwell Technologies

Gerber Kawasaki CEO Ross Gerber discusses the impact Tesla’s expansion in China will have on the electric car company’s stock value. Electric automaker Tesla is planning to purchase energy storage company Maxwell Technologies in an all-stock deal worth about $218 million, the companies said on Monday. The announcement comes amid a cost-cutting initiative at the automaker – which announced just last month it would slash an additional 7 percent of its workforce as it works to lower the price of its flagship Model 3 sedan to reach a broader market. During its fourth quarter, the company turned a small […]

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