Buy Today's Weakness in Tesla (TSLA) - Chowdhry

Tesla (TSLA) Losing Steam Again

After making back a chuck of its pre-open losses, Tesla (NASDAQ: TSLA) is losing traction again and has fallen back below $200. Shares last traded down 9.16% to $199.50. The after-hours low was around $190.

Evecore ISI Suspends Coverage of Tesla (TSLA); Acting as Advisor

Evecore ISI suspends coverage of Tesla (NASDAQ: TSLA) as it is acting as financial advisor to Tesla Motors in its offer to acquire SolarCity (NASDAQ: SCTY).

Tesla (TSLA) Recovers Off Pre-Market Lows

Tesla (NASDAQ: TSLA) shares continue to recovery off the pre-market lows following its offer to acquire SolarCity. After trading as low as $190, shares are back to $203.64, but remain down 7.3%. Analysts were mainly negative on the deal, but CEO Elon Musk expressed confidence in... More

SolarCity (SCTY) Takeover Offer 'Appears Attractive', JPMorgan Says (TSLA)

JPMorgan analyst Paul Coster weighed in on SolarCity (NASDAQ: SCTY) after Tesla (NASDAQ: TSLA) offered to acquire the company for $26.50-$28.50/share in an all-stock deal. He said the offer appears attractive because you can't put the... More

Pre-Open Stock Movers 06/22: (SUNW) (SCTY) (WGO) Higher; (TSLA) (ADBE) (HPQ) Lower (more...)

Today's Pre-Open Stock Movers:

Sunworks, Inc. (NASDAQ: SUNW) 18% HIGHER; announced that its Agricultural and Commercial Divisions have collectively been awarded approximately $24 million in new commercial solar solution orders totaling more than 12MW... More

Tesla's (TSLA) Surprise Bid for SolarCity (SCTY) Not Seen as 'No-Brainer'

Tesla's (NASDAQ: TSLA) Chairman and CEO Elon Musk described the company's surprise offer to acquire solar installation firm SolarCity (NASDAQ: SCTY), a company he is chairman of, as a "no-brainer" to reporters yesterday. He further defended the move in a conference call on Wednesday morning, saying he has zero doubt about the... More

SolarCity (SCTY): TSLA Acquisition Provides Much Needed Distribution - Baird

Baird analyst, Ben Kallo, reiterated his Outperform rating on SolarCity (NASDAQ: SCTY) after Tesla (NASDAQ: TSLA) announced it has made a proposal to acquire SCTY in an all-stock transaction. TSLA believes it can benefit from SCTYs sales and distribution... More

Roth Affirms SolarCity (SCTY) at 'Neutral' Amid Tesla's (TSLA) Move to Acquire the Company; Says Many Questions Remain

Roth Capital affirms SolarCity (Nasdaq: SCTY) at Neutral with a price target of $19 following news that Tesla Motors (Nasdaq: TSLA) is moving to acquire the company.

Analyst Philip Shen said today, We recognize that the company is an undisputed leader in solar and applaud its leadership on many frontsoperating a national solar EPC, developing innovative financing, and greenfielding a solar cell and module manufacturing facility. That said, a company can only fight so long on so many fronts. We believe an acquisition would serve as yet... More

Elon Musk Has 'Zero Doubt' About the SolarCity Deal (SCTY) (TSLA)

On the conference call, Tesla's (NASDAQ: TSLA) Elon Musk said he has 'zero' doubt about the SolarCity (NASDAQ: SCTY) deal.

Raymond James Says SolarCity (SCTY) Should Hold Out for $30+ in Tesla (TSLA) Deal

Raymond James analyst Pavel Molchanov weighed in on SolarCity (NASDAQ: SCTY) after the company received a takeover offer from Tesla (NASDAQ: TSLA) for $26.50-$28.50 per share. While Molchanov likes the ideas of a merger, he would hold out for $30+.

"Historically, the stock has traded at more than 2x and even 3x NPV, and while that is probably not realistic for the foreseeable future, a takeout multiple of (at best) 1.35x NPV does not look very appealing," Molchanov commented. "Because... More