SoylentNews is people
SoylentNews
Investors and finanical analysts have been baffled by a $2.86 billion bid by electric car manufacturer Tesla to acquire SolarCity:
Musk, the largest shareholder of both companies, said he and Antonio Gracias, who is also a member of both boards, will recuse themselves from voting on the takeover offer. The all-stock deal is worth $26.50 to $28.50 for each SolarCity share, Tesla said. That calculates to a premium of as much as 35 percent from Tuesday's closing price. The average 12-month price target among analysts surveyed by Bloomberg is $29.82. "In my personal opinion, this is obviously something that should happen," Musk, who is chief executive officer of Tesla and chairman of SolarCity, said in a conference call. "It's a no-brainer." With 100.2 million SolarCity shares outstanding, the offer is worth as much as $2.86 billion.
[...] Tesla fell as much as 12 percent in extended trading while SolarCity rose as much as 29 percent.
(Score: 2) by VLM on Wednesday June 22 2016, @09:44PM
That is insightful, think about some random dude buying a generic sedan that happens to be electric.
Now the electrician has to come out and install a fast charger station and thats costing some serious bucks, too much to roll into the car and hope the bank doesn't notice and too small to pay the enormous fees and paperwork of a home equity loan.
But... what if they're like, so dude, why pay $2K for a charger and electrican and buried lines to the garage if you can take out a loan for $10K and cut, not raise, your electric bill using solar panels all while installing the charger you need anyway? I could see that package deal selling pretty well. The bank that gives the loan for the car is chill, the bank that loans the panels is chill...