Tesla would acquire SolarCity in an all-stock transaction valued at $2.6 billion. SolarCity shareholders will receive 0.110 shares of Tesla stock for each share of SolarCity valued at $25.37 per share. The transaction is expected to close in …
My firm, SpringOwl Asset Management, shorted Tesla (TSLA) stock this morning after last night's news that they made an offer to purchase SolarCity (SCTY) for $2.8 billion. We see no obvious synergies between SolarCity and Tesla. One …
Shares of SolarCity Corp. (SCTY) were trading down -1.50 or -5.62 percent to $25.20 per share in Monday’s premarket after the company filed a Form 8-K with the Securities and Exchange Commission early this morning outlining its …
SolarCity Corp. stock soared Monday as analysts at Goldman Sachs upgraded it to buy from neutral, saying the company is well positioned to capitalize on fast rooftop solar-installation growth. SolarCity /quotes/zigman/13139813/delayed …
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, …
Here are some key terms of today’s announcement: this is an all-stock transaction with an equity value of $2.6 billion based on the 5-day volume-weighted average price of Tesla shares as of July 29, 2016. Under the agreement, …
What was the cause of the Tesla stock price plunge following the announcement of the (possible) SolarCity deal? …
In addition, he is also CEO of SpaceX, the rocket maker. Tesla plans to offer $26.50 to $28.50 a share to SolarCity shareholders through the issuance of Tesla stock, which Tesla says would be a premium of 21% to 30% to SolarCity's …
Tesla Motors stock tumbled after Goldman Sachs cut the Price Target to $185 even as it raised the EPS forecast. In a surprise, Tesla won't be raising money this quarter. Tesla has announced an unexpected product launch on October …
In a sell-side report published on Monday, Axiom initiates coverage on SolarCity Corp. (NASDAQ:SCTY) stock, with a Sell rating and a price objective of $24. The target price implies a downside of more than 45% from the closing price of …