top of page
Writer's pictureEditor Desk

TESLA MOTORS + SOLARCITY


Elon Musk inhabits a world of declarative superlatives.On a conference call with investors early Wednesday, Tesla’s CEO called his company’s $2.8 billion offer for SolarCity a “no-brainer” that is “legally and morally correct,” a “zero-doubt” move that "we should have done sooner.”What's more, Musk trumpeted that the deal could help propel Tesla toward being the world's first trillion-dollar company as “the solution to the earth’s climate change problem.”Analysts aren’t so sure. And a steep drop in Tesla’s stock (TSLA) — down 10% in Wednesday trading, whacking $3 billion off its lofty $32 billion market cap — confirms investor skepticism.

3 views0 comments

Recent Posts

See All
bottom of page