Tesla (TSLA) U.S. Sales Said to Be Robust in August
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Tesla (TSLA), SolarCity (SCTY) Sink in Fast Trading
September 1, 2016 10:40 AM EDTTesla (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%.
... MoreSpaceX rocket said to explode during test firing
September 1, 2016 10:01 AM EDTReports have a SpaceX rocket explosion in Cape Canaveral, Florida. The event happened during a test firing, according to NASA.
The rocket was supposed to carry an Israeli satellite
SpaceX is owned by Tesla CEO and SolarCity chairman Elon Musk.
... MoreSolarCity adviser Lazard made mistake in Tesla deal analysis
August 31, 2016 8:00 PM EDTBy Liana B. Baker
(Reuters) - Lazard Ltd (NYSE: LAZ), the investment bank that advised SolarCity Corp (NASDAQ: SCTY) on its $2.6 billion sale to Tesla Motors Inc (NASDAQ: TSLA), made an error in its analysis that discounted the value of the U.S. solar energy company by $400 million, a regulatory filing by Tesla showed on Wednesday.
While the purchase price was within the valuation range that Lazard came up with for SolarCity even after accounting for the miscalculation, the error illustrates... More
