tesla acquisition Stories June 23, 2016

If you read the headlines about Tesla’s plan to acquire SolarCity, you might think that the move is universally hated. The Globe and Mail wrote “Tesla stock plummets as planned SolarCity buy puzzles everybody but Musk ” – everybody but Musk? I wouldn’t be so sure.

While everyone and their mother seem to hate on the acquisition plan, the real question is: do shareholders like it? And maybe more importantly: do institutional shareholders like it? They will be the ones deciding after all. expand full story

tesla acquisition Stories June 21, 2016

Today, Tesla (TSLA) announced that it submitted an offer to acquire SolarCity (SCTY), the leading solar installer in the US. Elon Musk is the largest individual shareholder of both companies. Due to his obvious interest in the deal, which is already being called a bailout by some shareholders, Musk decided to recuse himself from the vote at both companies and leave it to Tesla and SolarCity shareholders to decide on the possible consolidation of ‘Musk Industries’. expand full story

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