Liam Denning, Columnist

SolarCity Chooses Its Relatives (For Loans)

And even these insiders keep raising the cost of borrowing.

August 24, 2016 at 5:01 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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Among the many disconcerting things about Tesla's offer to buy SolarCity was this line from Elon Musk during the June 22 conference call explaining the deal:

This was disconcerting because, to summarize, a company burning a lot of cash was talking about buying another company burning a lot of cash and throwing out the idea of maybe lending that target company some cash to tide it over.