Wall Street has been taken unawares by Tesla Motor's TSLA shocking offer to buy SolarCity SCTY on Tuesday. Surprisingly, the $2.8 billion all-stock bid has grabbed as much attention as such heavyweight issues like the …
Under the terms of Tesla's SolarCity acquisition, SCTY shareholders will receive 0.11 shares of TSLA stock for each share they own. Tesla's share price is about $200, which would imply a so-called takeout price of about $22 for SCTY. But …
In a rapid “knee-jerk” reaction, traders bid up SolarCity by 13 percent and sent Tesla tumbling down 12 percent. [graphiq id=”l2XBbE8j5EV” title=”Tesla Motors Inc. (TSLA) Stock Price” width=”600″ height=”619″ url=”https://w.graphiq ...
Tesla said Monday it will buy solar panel maker SolarCity Corp. in an all-stock deal worth $2.6 billion. The deal must still be approved by the government and shareholders at both companies. It's expected to close in the fourth quarter if it …
SolarCity Corp. (NASDAQ: SCTY) reported fourth-quarter and full-year 2015 results after markets closed Tuesday afternoon. For the quarter, the solar PV installer posted an adjusted diluted net loss per share of $2.42 on revenues of …
(Reuters) - SolarCity Corp SCTY.O cut its forecast for solar panel installations this year and reported a bigger-than-expected quarterly loss, sending its shares down nearly 20 percent in extended trading on Monday. The company, …
In a few years, everyone will know whether the planned merger of Tesla Motors Inc. and SolarCity Corp. became a rousing tale of ambition and success or went down as one of biggest busts in business history. The $2.6-billion all-stock deal, …
Through Tesla, Musk has made an all-stock deal offer for embattled solar-energy firm SolarCity, which Musk cofounded. He said that this deal would help to make Tesla the first "vertically integrated energy company offering end-to-end clean …
Early this morning, Tesla announced that it had come to an agreement to acquire SolarCity in a $2.6 billion all stock transaction. Tesla first announced it was interested in acquiring the solar power company back in June. In the wake of …
Tesla stock plunged Wednesday, effectively devaluing the Elon Musk-led company’s currency and casting doubts on its plan to buy SolarCity. Tesla Motors Inc., the electric car maker, offered Tuesday to buy rooftop solar provider SolarCity …