| link to the investor presentation if you want to read it: http://files.shareholder.com/downloads/ABEA-4CW8X0/254764622... After the deal closes, expected to be Q4 2016, the ownership split will be: 93.5% Tesla / 6.5% SolarCity Interestingly, this is an all shares deal. With most people assuming Telsa will need to raise another large round soon to fund full scale production of the Model 3 it will be interesting to see what sort of terms, if any, Tesla will need to give investors to raise. Current shareholders don't seem too put off the by constant dilution of this acquisition or the constant equities raises. Tesla's short interest is high as always, so they continue to be one of the most polarizing companies around:) Fun note in the presentation, Solar City has a shop window in the deal where they can take this deal and shop it to other companies to try and get a better deal. Anyone want to take a bet as to whether or not they actually try and shop this deal at all? |