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SCTY (Solar City) Dropping After the Merger With TESLA - Why?

Posted on 8/1/16 at 12:05 pm
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 8/1/16 at 12:05 pm
title ^
Posted by C
Houston
Member since Dec 2007
27824 posts
Posted on 8/1/16 at 12:35 pm to
Well tesla is dropping so...
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72679 posts
Posted on 8/1/16 at 1:59 pm to
Posted by notsince98
KC, MO
Member since Oct 2012
18005 posts
Posted on 8/1/16 at 3:01 pm to
because musk is an evil globalist building an environmental catastrophe and had convinced some idiots it was all good. now, folks are starting to see through it all.
Posted by thatguy777
br
Member since Feb 2007
2386 posts
Posted on 8/1/16 at 3:08 pm to
they mentioned this on CNBC this morning. I briefly caught that it was an all stock deal and what Tesla is paying equals to like 25 something a share. It was down close to 6 percent at the time.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80780 posts
Posted on 8/1/16 at 3:51 pm to
Because solar stocks are only making money due to subsidies and the subsidies won't last forever?

Solar isn't a great investment while oil is cheaply produced?

Because the terms of the deal was shady in that Musk was basically bailing out a failing solar company with his more successful project in Tesla?
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 8/1/16 at 4:06 pm to
Solar is only making money because of subsidies??


Just lol at this place
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80780 posts
Posted on 8/1/16 at 4:15 pm to
I mean, you can't say that solar is economically viable without subsidies right now.
Posted by whodatigahbait
Uptown
Member since Oct 2007
1752 posts
Posted on 8/1/16 at 4:31 pm to
quote:

Message
rocket31

SCTY (Solar City) Dropping After the Merger With TESLA - Why?
title ^


Deal has been in the public markets fora while just wasn't official....buy on rumor sell on fact.
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