LOS ANGELES/DETROIT-the Executive Elon Musk seeks to create a clean energy giant with its electric vehicle producer Tesla Motors for the purchase of solar panels SolarCity, in a deal with actions that involves about of 2.8 billion dollars.
After the news, shares of Tesla came to drop more than 13%, for $ 198.99, representing a loss in value of about 4.3 billion dollars, or more than the offer put forward by the SolarCity. This morning the papers have reduced losses to about 8%.
SolarCity''s shares already climbed about of 9%.
Musk, who is the Chairman of the Board of SolarCity and Tesla''s CEO, as majority shareholder of the two companies described the deal as a simple decision in a teleconference with journalists. The company may sell customers an electric car, a battery and a solar system all at once, he said.
The shareholders, however, punished the Tesla.
"Ideally, you want to see the Tesla focus on Tesla--Tesla cars build and grow in cars," said an analyst at Tigress Financial Partners.
"Maybe the feeling is that it takes the focus and can stress financially the Tesla, which will still continue needing a lot of money".
The SolarCity has 6.24 billion dollars in liabilities, including debt.
DCI
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