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So why are you here? Why are you posting? The merger IS happening. According to filings, Solarcity is trending on the up swing.
Musk isn't a bull sh!tter. He said possible trillion dollar company if the merger goes through,
Both will benefit just watch. Solarcity will start contributing to the balance sheet by early next year.
It's not going to matter. Solar and wind are getting too cheap and create too many jobs for politics to impact them much anymore. The next state Solarcity/Tesla need to focus on is Florida. Once penetration occurs there a lot more of the southeast will follow which by the way is major Trump country.
No, the buy out goes through. Clinton wins the presidential election. The key part is the democrats take over the senate so the supreme court flips. Then, the real fun begins.......
Couldn't agree more and Elon is the type that lives to prove people wrong.
Bobby,
Because they are merging and forming an energy giant for the 21st century. The jobs they are laying off are jobs already held by Tesla employees. The jobs are being cut to save money. It's called synergy! It's what smart companies do.
I have seen a positive article. The Buffalo factory is to open ahead of schedule and will produce more panels than originally proposed.
http://www.buffalonews.com/business/officials-move-up-opening-date-for-solarcity-plant-in-south-buffalo-20160810
Yes, offer needs to be between $3.5-4 billion.
We are on the same page with he cares about investors but, you aren't thinking about the fact that most investors are stupid. On top of that most of the articles/reactions to this buyout that are occurring are negative because it generates hits, money, and advertising dollars. The box is very tiny and if you are outside it the world might as well be coming to an end.
He is right about combining companies. The price is too low and he's playing on the stupidity of investors. There is $2.7 billion built into this company, Solarcity as of the last quarter from leases. This is prior to the Buffalo factory opening which will cause unimaginable growth. Solarcity may eventually be the rock Tesla leans on after other automotive companies switch primarily to EVs.
You are right, he cares so much about money he starts a rocket company from scratch and at about the same time starts the first American made car company in 100 years. Those were both wonderful, safe investments........
I wonder how many people when told of Musk's plan to start building rockets to go to Mars called him up and wanted of piece of that action. Oh, Wall Street loves automotive stocks too!
If it's in trouble why did Musk claim acquiring it would make Tesla eventually a "trillion dollar company" and said he should have done it sooner? In an interview today he also said Solarcity would be cash flow positive in 3-6 months and would then pay for itself if the Tesla buy out happens.
He's simply a control freak and wants to stream line the battery and solar panel business. He doesn't care or really think about how it's viewed by Wall Street. This is a guy who lands rockets on remote control barges in the ocean and revolutionized online banking. He's 20 steps ahead of us ordinary folks.
Musk said this morning he probably waited to long to make this offer.
http://www.fool.com/investing/2016/06/22/teslas-acquisition-offer-isnt-good-deal-for-solarc.aspx?source=yahoo-2&utm_campaign=article&utm_medium=feed&utm_source=yahoo-2
$2.8 billion is too low.
Could we see more expansion soon.......
http://finance.yahoo.com/news/solarcity-appoints-toby-corey-president-130000111.html;_ylc=X1MDMTE5Nzc4NDE4NQRfZXgDMQRfeXJpZANjYXJvZDVkYmxqZG5lBGcDZFhWcFpEeHVjejR5T0RZd01tWmtOUzB3TlRnNExUTmxZV0l0T0dVd01DMHlOemRsT1RReFl6ZGpNREE4Wm1sbGJHUStjMk4wZVE9PQRsYW5nA2VuLVVTBG9yaWdfbGFuZwNlbgRvcmlnX3JlZ2lvbgNVUwRwb3MDMwRyZWdpb24DVVMEc3ltYm9sA1NDVFk-?.tsrc=applewf
The last paragraph of this article says it all........
http://www.buffalonews.com/business/solarcitys-no-money-down-business-model-at-root-of-investors-concerns-20160524
He can keep the price down a little while longer so I can continue buying more shares.
Coal is barely above water and will soon be gone. Next, will be oil and gas. Once the Buffalo plant opens more and more markets will open up for solar to enter. Then, there will be more and bigger solar plants opening driving the price of energy down even more. It's all been laid out and the plan is quite simple.
AND NEWS FLASH, SOLARCITY HOLDS THE LARGEST MARKET SHARE! WHEN they become cash flow positive look out.
Buy!
Really good overview of the company.
http://marketrealist.com/2016/04/understanding-solarcitys-business-strategy/
This company is going to be MASSIVE!
http://finance.yahoo.com/news/solarcity-bank-america-merrill-lynch-220700559.html
Amen!
Shorts
According to latest 8K filing, Solarcity expects SpaceX to buy another $90 million in solar bonds this year.
The rise of solar is inevitable with or without Sanders. It's getting too cheap and creates too many jobs now.
This is why Solarcity got into the commercial business.
http://www.huffingtonpost.com/entry/big-box-retailer-future-of-solar_us_56e0480de4b0b25c918047c5
The company is at a better place now than it was when the stock was at its all time high. There just isn't the confidence in the overall market.
I agree completely!
I'm not sure how to value it today. The tipping point should be around the time the company is cash flow positive at the end of this year or early next. There are a few catalysts that could boost the stock this year in way of legislative or legal victories.
The major issue is investors don't understand what this company is doing and how to value the stock. They see the debt and freak out.