In short, SolarCity shareholders know what they’re getting with this merger — an unexpected bailout. Tesla shareholders are not so fortunate, and SolarCity’s bad balance sheet may be the least of what they have to deal with.
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Elon Musk’s, Rives’ SolarCity bond purchases are ‘very odd’
Elon Musk’s purchase of $65 million of SolarCity debt is highly unusual and does not send a good signal to investors, says a corporate governance scholar.
Read more "Elon Musk’s, Rives’ SolarCity bond purchases are ‘very odd’"The deep ties between Tesla and SolarCity’s boards of directors
SolarCity and Tesla Motors’ boards of directors are close. Critics say they are too close to be truly objective about Tesla’s $2.8 billion bid to buy SolarCity. A majority of SolarCity’s directors already have recused themselves from making decisions about the Tesla bid. So entangled are the ties between the two companies that SolarCity’s special […]
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