Tesla to buy battery tech maker Maxwell Technologies for $218 million

Tesla Inc has agreed to buy energy storage company Maxwell Technologies Inc for $218 million in an all-stock deal that could help the electric car maker produce batteries that hold more energy and last longer at a time when it needs to cut costs and faces growing competition.
Read more: https://www.reuters.com/article/us-maxwell-tech-m-a-tesla/tesla-to-buy-battery-tech-maker-maxwell-technologies-for-218-million-idUSKCN1PT1C9?source=Snapzu