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 …
(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, …
SolarCity (SCTY) announced its 1Q16 earnings after market hours on May 9, 2016. In this series, we’ll analyze SolarCity’s 1Q16 results in detail and compare the results with analyst expectations. We’ll also take a look at the …
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, …
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 …
... that they have entered into a definitive agreement for SolarCity to acquire Zep Solar, Inc. for approximately $158 million. The purchase price is payable in shares of SolarCity common stock, and is subject to reduction for the amount …
The Fool responds: Tesla is indeed a volatile stock. After you sold ... its massive battery factory and its purchase of solar-power enterprise SolarCity. On the other hand, it’s an unprofitable company at the moment. Don’t let volatility scare …
The surprise introduction of a new version of Tesla’s beloved Roadster sports car also helped push the stock higher. But Tesla has pulled ... with Tesla’s acquisition of …
SolarCity closed the day with a market cap of $2.14 billion — so a 30 percent premium could mean an all-stock purchase price of $2.78 billion, or from $26.50 to $28.50 per share. SolarCity’s stock jumped by more than 22 percent following …