Hacker News new | ask | show | jobs
by yladiz 3612 days ago
I wonder if this will be approved by the shareholders, considering that Solar City is losing $300 million in value and it is an all shares merger. I'm hesitant to say it'll go through since I don't think investors like the news, as both stocks are down today and both took a huge hit around when this was announced (Telsa was -2%, but bounced back to -0.5% and Solar City is currently -6%, and falling).
3 comments

SCTY was trading around $22 when the merger was first announced back in June.
Looks like those who don't approve the deal and those who do both voted with their money.
If they don't approve it, they're short-sighted. The model makes a lot of sense in the long run.