Liam Denning, Columnist

SolarCity's Results Are the Ultimate Pitch Book

It's burning cash, but Tesla's takeover is all that matters.

August 9, 2016 at 10:36 PM UTC

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

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If you needed any further convincing that SolarCity's shareholders will accept Tesla Motors' lowball takeover offer, then Tuesday night's results release should do it.

SolarCity did actually report a slightly smaller loss than Wall Street expected. But earnings aren't the main event here. The three things that matter are installations, costs and cash.