Tesla’s SolarCity deal gets support from shareholders and hate from people who don’t own the stock
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.
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