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Musk’s SolarCity Bid a Rare Time Investors Don’t Buy Vision

  • Tesla shares fell 10% on Wednesday after deal was announced
  • The two companies share ‘a lot of familial relationships’
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Why Tesla Wants to Take Over SolarCity

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Elon Musk is accustomed to shareholders snapping up whatever his Tesla Motors Inc. has to sell. Now his plan to merge the electric-car maker with struggling SolarCity Corp. has him confronting a rare case of investor unrest.

“This is a high-risk proposition with my money,” said Ross Gerber, a self-described fan of Musk’s and chief executive officer of Gerber Kawasaki, a money-management firm with more than 25,000 Tesla shares. “I don’t need Elon picking stocks for me. That’s my job.”