Tesla Buys San Diego's Maxwell Technologies For Energy Storage Tech
FEBRUARY 4, 2019
Tesla Motors , the electric car-and-solar panel company led by Elon Musk, is acquiring San Diego-based technology developer Maxwell Technologies , in a deal worth approximately $218M, the companies announced on Monday. ACcording to the two, the merger agreement calls for Tesla to pay $4.75 per share for all of the outstanding stock of Maxwell Technologies. Maxwell is publicly traded on the Nasdaq as MXWL.