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Maxwell Technologies has announced their definitive merger agreement with Tesla, Inc. This is a $218 million dollar all-stock deal which put a value of $4.75 per share on the Maxwell common stock. To quote the news announcement from Maxwell; Tesla CEO Elon Musk is on record saying that ultracapacitors could provide a more likely bet for a breakthrough in energy storage than batteries. Maxwell Ultracapacitors can hold up to 300 watt-hours of electricity per kilogram. This represents 20% more storage than Tesla's largest battery cell pack. Maxwell is also on record saying that their Ultracapacitors have the potential to store more than double the energy by mass versus Tesla's current cell design and will allow Tesla to ramp up the density and speed factor of their auto's while greatly reducing the time to recharge. Looking at where Tesla is today and for the future, this purchase has to be also based on the fact that Maxwell Ultracapacitors use solid-state technology with no flammable electrolytes or rare earth minerals such as cobalt. One also has to think that this could be a hedge as Panasonic is on record as saying they will not have solid state batteries for about 10 years unlike Volkswagen, Mercedes-Benz, Fisker, Dyson and other auto companies who have stated they will have solid state batteries in their electric vehicles between 2022 and 2025. Maxwell is also the ultracapacitor supplier to Geely, the parent company of Volvo where they will be used in Volvo's plug-in hybrids. Maxwell has also announced that they will showcase their Ultracapacitor storage system at Key Q1 2019 Grid and Utility Events such as DistribuTECH in New Orleans and Energy Storage Europe in Germany. To quote their press release: This one could take as a sign of how Tesla will grow their own home and business storage business with Solar. Musk in the most recent earning's call stated he thinks Tesla's energy storage business is to be one of their big growth areas this year.