Tesla Announces Final Offer to Battery Company

Order Reprints

May 15, 2019—Tesla announces its final offer to acquire battery company Maxwell and the deal is expected to close this week after initially being announced in February, according to ElectrekThe entire transaction would be worth $235,674,520.50.

Earlier this year, Tesla announced the acquisition of the San Diego-based ultracapacitor and battery company Maxwell for over $200 million.

The company says that the offer is set to expire by the end-of-day “on May 15, 2019, unless it is further extended or earlier terminated in accordance with the merger agreement between Tesla and Maxwell.”

Maxwell is best-known as an ultracapacitor manufacturer and it has also recently been discussing a dry electrode technology for batteries.

Related Articles

Tesla Motors Announces Battery Swap Stations

Elon Musk: Tesla Superchargers Being Converted to Solar, Battery Power

Gruber Motor Company Only Shop to Repair Old Tesla Models

You must login or register in order to post a comment.