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Solar 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
by grizzles 10y ago
Solar 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.