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 …
“SolarCity's stock, which once seemed invincible, has shown that it has flaws that investors need to consider,” Travis …
But this isn't a typical merger vote. Elon Musk owns 18 percent of Tesla's stock and 22 percent of SolarCity's shares. A handful of other key insiders also own significant stakes in both companies. To ease investor concerns that the merger …
SolarCity (SCTY) shares soared as much as 12 percent Wednesday after Tesla Motors (TSLA) made a $2.8 billion offer to buy the clean energy provider in pursuit of synergy. The stock later pared its gains, ending the day up just 3 percent. …
NEW YORK — Tesla will pay approximately $2.6 billion for solar panel maker SolarCity in an all-stock deal. The transaction gives SolarCity Corp. stockholders 0.110 Tesla common shares per SolarCity share, which puts the value of …
Shares in solar panel installer SolarCity Corp. plunged by over 30 percent Wednesday in early morning trading. The drop …
Tesla’s stock swap offer valued SolarCity at $25.37 a share, or $200 million less than the initial proposal Musk outlined in June, before advisers to the companies had done due diligence. SolarCity shares shed 7.4 per cent on Monday to close …
Tesla Motors (TSLA) said on Tuesday it would bid $2.8 billion to buy SolarCity (SCTY), sending the solar energy company's shares soaring. SolarCity shares popped more than 15 percent after-hours on the offer of $26.50 per share …
The sell-off in Tesla Motors stock since its bid to acquire SolarCity was announced this week is making the deal less lucrative for the solar energy systems installer’s shareholders. When the deal first came out Tuesday afternoon, Tesla’s …