It will make it harder for shareholders to sue to block the deal. Tesla’s offer to buy SolarCity SCTY -0.36% sparked a barrage of criticism on Wednesday over the glaring conflict of interest between the two companies: Elon Musk, the CEO of Tesla TSLA 1.57% , is also the chairman of SolarCity and the largest […]Read more "Tesla Quietly Changed Its Bylaws to Ward Off SolarCity Shareholder Fight"
To Elon Musk, Tesla’s $3 billion deal to take over SolarCity seems obvious. In his Tuesday conference call explaining the all-stock proposal, Musk used the word “obvious” or “obviously” a total of 25 times. But the deal is far from obvious to anyone who’s not the largest shareholder of both companies, CEO of Tesla and chairman […]Read more "Wall Street on Elon Musk"
Summary We use Tesla’s SolarCity acquisition conference call language to show why Mr. Musk’s logic and assumptions are deeply flawed. We believe the transaction has negative synergies and SolarCity’s costs are likely to increase. SolarCity is not only unsuited to Tesla but there is inherent conflict of interest between the companies when it comes to […]Read more "Mr. Musk’s logic and assumptions are deeply flawed about SolarCity and Tesla"
“A new solar hot water heating system being installed at the White House costs thousands of dollars more that the original estimate and it probably won’t pay for itself in energy savings, officials said.” So went the lede of a story in the Associated Press and reprinted in the Washington Post on April 6th, 1979 […]Read more "Days of ‘Malaise’ and Jimmy Carter’s Solar Panels"
“You might have caught the news: Tesla Motors and Solar City are expected to merge. Tesla CEO Elon Musk hopes it will help usher in a new era of affordable solar energy — but the change isn’t happening anytime soon. Never mind the hefty losses both companies incurred last year. It’s not about the companies themselves. It’s about […]Read more "Sorry, SolarCity: Solar Power Still Isn’t Competitive"
“Either Tesla loses because the deal is completed or Tesla loses because it not being completed requires losing faith on Elon Musk’s unbelievable promises and infallibility.” Tesla Is Built On Faith Tesla has made many unlikely promises. Things like bringing the Model 3 to fruition already during 2017 and to sell 100k of those cars […]Read more "Tesla Can’t Win This One"