3 ms·
Rescuing SolarCity seems like a waste to me. It's in a commodity business and is performing awfully. Why not just fold that hand and not saddle the stronger com
by kryptiskt 10y ago
Rescuing SolarCity seems like a waste to me. It's in a commodity business and is performing awfully. Why not just fold that hand and not saddle the stronger company with it?
- finchisko 10y agoI would say Musk is saving SolarCity just not to have failure on his back. It would be harder to get money, if investors can point out on your failures.
- grizzles 10y agoSolar City is basically a bundle of loans that will pay off over the next 20 years. The company has lost a ton of money loaning out other people's money before govt solar subsidies expired. Now that it's at it's shittiest point, Musk/Tesla is swooping in and buying it at a discounted price, without spending a cent in the purchase. Musk is a genius.