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Liam Denning

SolarCity's Results Are the Ultimate Pitch Book

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

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.