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From Electrek: Tesla’s SolarCity sells $241 million equity in its solar portfolio

Discussion in 'News from Electrek.co' started by RSSFeed, Dec 23, 2016.

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    Tesla’s SolarCity sells $241 million equity in its solar portfolio

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    The critics of the Tesla-SolarCity merger were concerned of the solar company putting a strain on Tesla’s cash balance, but after the acquisition, CEO Elon Musk surprisingly said that he expects the company to contribute to its cash instead. Today, the company announced that it raised $241 million equity from its solar portfolio in a solar cash equity transaction with Sammons Renewable Energy (SRE). more…

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