News for hackers. Stuff that matters.
Re:Looking for Sun Under the Hood of the Tesla-SolarCity Deal by Nokinside on Wednesday June 22, 2016 @02:14PM (#11955838)
Musk's rationale for this deal looks suspicious. Electric cars and electricity generation have very little synergy.

Musk is big owner in both. His relatives are involved with SolarCity. This looks like a attempt to boost SolarCity using Tesla's stock owners money.

http://www.nasdaq.com/symbol/scty/interactive-chart?timefram...

Re:Looking for Sun Under the Hood of the Tesla-SolarCity Deal by jeromeflipo on Thursday June 23, 2016 @06:21AM (#11959906)
The transaction is in shares only. Musk can't gain much financially since he owns ~22% of each company.