Musk has attempted to justify the deal in two conference calls over the past 24 hours, but the market has clearly not agreed. Musk continues to use the phrase “the tides of history” but he seems to be ignoring the present. If he is right that consumers who would be interested in buying Teslas would succumb to a marketing pitch to buy SolarCity’s residential solar service (including a Tesla-made Powerwall energy storage system) he has not produced a single shred of marketing research to back up that claim.
Kenji | June 22, 2016 4:04 PM | Reply
Elon Musk borrows a shi.te load of $$$ on behalf of Tesla to BUY Solar City. Solar City's stock has been cratering ... and Musk had Tesla buy it to save the embarrassment. Solar is a novelty at best. The public is waking up to the Green Fraud. And not even a $ 130,000.00 sedan can save it.
PS ... I see dozens of shiny new Teslas all over my little town here in N.CA ... but I never see a single one driving I-5. Plenty of range for a trip to the local boutique grocery ... not so much for a trip to LA. A $ 130K shopping cart ... whoopee ! LOOK at Meeeeee ! I'm "green" and RICH !!!!!!