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Elon Musk has been thinking about consolidating his companies for a while, SpaceX could be next

Discussion in 'News from Electrek.co' started by RSSFeed, Jun 22, 2016.

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  1. RSSFeed

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    Yesterday, Elon Musk surprised a lot of people when he announced that Tesla (TSLA) has made an offer to acquire SolarCity (SCTY). The entrepreneur is the largest individual shareholder of both companies – he owns about 27% of Tesla and 22% of SolarCity.

    Some Tesla shareholders are already calling the deal a “bailout” of SolarCity, especially after Musk bought another $10 million worth of shares last year – before the stock fell 60% in 2016. The deal would allow him to convert his shares of SolarCity to Tesla shares at a favorable rate, but we now learn that the move might not be reactionary and actually long in the making. more…

    Filed under: Cars, SolarCity, Tesla Tagged: Elon Musk, SolarCity, SpaceX, Tesla [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG][​IMG]

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  2. garsh

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    The only way that I could see this happening is if SpaceX buys Tesla.
    Musk doesn't want to take SpaceX public, at least not for the foreseeable future.
     
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