Deals
Tesla Nears Record as Musk Stays Mum on SolarCity's Impact
- Analyst estimates vary as few have updated models post-merger
- Model 3 hype boosts market cap past Nissan, approaching Ford
Analysts at a Loss for How SolarCity Fits Into Tesla
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For Tesla Inc., there’s been little light shed on what the acquisition of money-losing SolarCity Corp. will mean to the bottom line. That hasn’t stopped its shares from nearing a record high.
Heading into the combined company’s first earnings report since Chief Executive Officer Elon Musk closed the controversial $2 billion deal in November, Wall Street is at a loss for how to predict the company’s results. Only a few analysts have begun to include the solar-panel installer in their financial models, while others are waiting on more disclosure.