Tesla (TSLA), SolarCity (SCTY) Sink in Fast Trading

September 1, 2016 10:40 AM EDT

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Tesla (NASDAQ: TSLA) and thereby merger partner SolarCity (NASDAQ: SCTY) are under heavy pressure Thursday as traders mull dilution from the year-end cash raise, highlighted yesterday. In addition, Elon Musk-linked SpaceX had a rocket explode today at Cape Canaveral.

TSLA is down 5.3% and SCTY is down 6.4%.

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