July 27, 2016

Shareholders appear to be against the merger of Tesla and SolarCity

Tesla might make it through a recently announced Securities and Exchange Commission probe, but CEO Elon Musk faces serious challenges that could undermine TSLA's growth expectations and funding opportunities.

After all, Tesla under Musk is becoming known for outrageous public forecasts, a lack of sufficient disclosures and arguably, an overpriced stock that's hard to short and nearly impossible to borrow.

So ... 'tell me something I don't know, Dougie.'

OK, here goes:

The proposed $2.8 billion merger of Tesla (TSLA) and SolarCity (SCTY) is in jeopardy, as many shareholders are pushing back against the plan in both private and not-so-private discussions.