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r clarke

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r clarke

Re: The Madhouse Monster post# 9002

Saturday, 11/26/2016 6:19:17 PM

Saturday, November 26, 2016 6:19:17 PM

Post# of 86147
SCTY brings nothing to the table!


Morgan Stanley's Adam Jonas and team trim the price target on Neutral-rated Tesla (TSLA +2%) to $242 from $245 (still 30% upside), as stronger Q3 earnings were offset by the issuance of more than 13M shares for the SolarCity (NASDAQ:SCTY) deal.

"Given (SolarCity’s) financial condition and recent reduction in guidance, we have assumed zero value for (SolarCity) equity to (Tesla) shareholders," says the team. The "ultimate outcome" for Tesla and its stock will continue to be dominated by the core automobile and transportation business.
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