Deals
Tesla Takeover of SolarCity Not a ‘No-Brainer’ for All Investors
- Oppenheimer analyst Colin Rusch downgrades Tesla to perform
- Musk businesses already share mission, investors, leadership
Musk Proposes $2.9B 'No Brainer' Tesla-SolarCity Deal
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Elon Musk called the proposed marriage of Tesla Motors Inc. and SolarCity Corp. a “no brainer,” saying his $2.86 billion plan to combine the companies would benefit both.
Tesla investors didn’t seem so sure. While SolarCity shares rose 16 percent Wednesday in trading before U.S. exchanges opened, Tesla fell 10 percent.