SolarCity forms committee to review Tesla deal
SolarCity's board of directors has appointed a two-member committee to take a decision on Tesla's offer to acquire the company for $2.8 billion. The committee consists of SolarCity board members Donald Kendall and Nancy Pfund, who have no special connection with Tesla. Earlier, Tesla CEO Elon Musk and SolarCity's CTO Peter Rive had announced not to vote on the deal.