Musk Touts SolarCity Deal Synergy, But It May Be About DebtBy
Rooftop installer’s debt increased 13-fold in three years
Borrowing is key ingrediant to rooftop solar’s booming growth
Elon Musk’s $2.86 billion bid for SolarCity Corp. may be as much about rescuing the company from its swelling debt as creating a one-stop clean-energy powerhouse with Tesla Motors Inc.
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