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>>building a next-gen energy company Agreed. They're aiming for GE, not GM. (to repeat myself from the last thread on TSLA) >>Does it make sense to buy trouble
by mholmes680 10y ago
>>building a next-gen energy company
Agreed. They're aiming for GE, not GM. (to repeat myself from the last thread on TSLA)
>>Does it make sense to buy troubled SolarCity before they go under
From an investment standpoint, I think optimally you let Solar City go into bankruptcy, buy it for pennies on the dollar, and then you cherry pick the components you want and sell off any others that you think you can. Can someone do that as a chair of both though, not sure (i guess so?).
Maybe they didn't do that because they see someone else coming in - a new challenger? Or, he sees long term something that others don't. Or maybe he's just ego-maniacal.
- endswapper 10y agoAll fair options, but sacrificing one group of shareholders for another seems to carry its own risks.