UPDATE: SolarCity Announces Purchase of Silevo, No Terms Disclosed

SolarCity Corporation

, has signed a definitive agreement to acquire Silevo, a solar technology and manufacturing company whose modules have achieved a unique combination of high energy output and low cost. The transaction was announced, and its significance described in detail, in a post from SolarCity Chairman Elon Musk, Co-founder and Chief Technology Officer Peter Rive and Co-founder and Chief Executive Officer Lyndon Rive on SolarCity's blog, available at: http://blog.solarcity.com/silevo/. Mr. Musk and Messrs. Rive will host a conference call to discuss the proposed acquisition today, Tuesday, June 17, 2014, at 10:00 a.m. Eastern Time. For additional details regarding the proposed acquisition, please review our current report on Form 8-K filed today with the Securities and Exchange Commission. The conference call can be accessed live over the phone by dialing 1-877-407-0784, or for international callers, 1-201-689-8560. A replay will be available two hours after the call and can be accessed by dialing 1-877-870-5176, or for international callers, 1-858-384-5517. The passcode for the live call and the replay is 13585224. The replay will be available until June 24, 2014. Interested investors and other parties may also listen to a simultaneous webcast of the conference call by logging on at the "Events and Presentations" link of the Investor Relations section of the Company's website at http://investors.solarcity.com/events.cfm. The on-line replay will be available for a limited time beginning immediately following the call.