Tesla Sees SolarCity Boost in 3 Years as Musk Hits Critics
- Acquisition target increased cash in third quarter, Tesla says
- Musk takes ‘naysayers’ to task for doubting Tesla’s abilities
Tesla's Sexy Solar, Massive Batteries and Fast Cars
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Tesla Motors Inc. Chief Executive Officer Elon Musk took his skeptics to task on Tuesday, giving more detail on potential benefits of the automaker’s pending SolarCity Corp. acquisition and saying the deal’s doubters have a history of making bad predictions.
While people once questioned the company’s ability to make electric cars, the surge of interest in the forthcoming Model 3 means “no one should doubt that anymore,” Tesla said in a blog post after the market close on Tuesday. “Those same naysayers may have similar feelings about solar and storage, but it probably would be unwise to trust them again.”