Tesla wants to buy Solar City, become an integrated sustainable energy business

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Bicentennial Douche

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[url=http://meincmagazine.com/civis/viewtopic.php?p=31415625#p31415625:2vf7albp said:
Megalomania[/url]":2vf7albp]It seems odd not to mention that Musk has an ownership stake in Solar City; they also (as far as I know) have not been doing terribly well as of late - their stock is down quite a bit from its all time high - and the optics of this look pretty bad (billionaire bails out own company using other publicly owned company).

If the stock is down, it might make sense to buy. And yeah, Musk in a shareholder in both, but he will not be voting on this deal, other shareholders will decide.
 
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