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SolarCity shareholders approved the deal early today. The government also approved the deal, by not blocking the deal, so this is going to happen. Here is Bloo

SolarCity shareholders approved the deal early today. The government also approved the deal, by not blocking the deal, so this is going to happen. Here is Bloomberg's stub article on the deal. https://www.bloomberg.com/news/articles/2016-11-17/tesla-shareholders-approve-solarcity-merger-by-85-vote https://www.bloomberg.com/news/articles/2016-11-17/tesla-sha... They tend to write tweet length articles for breaking news like this so google can index them and then flesh out the article as details become available. The after hours trading is heavy as this comes the day before monthly option expiry, so there is alot of factors at work here. - The merger arb group is trying to arb out the last bit of profit as the deal is now confirmed. - The option traders are now looking at their new exposure due to the Tesla jump - The shorts are getting hammered, again, and now have to decide if they really want to hold a short position in a stock with little external catalysts to move it downward before the end of the year.

semi-extrinsic 10y ago
> little external catalysts to move it downward before the end of the year. I agree with the "before the end of the year" qualifier. In the longer term, one interesting external catalyst recently came up: Norway's largest political party Ap, who are likely to win the election next year, have said they will reduce the tax breaks on EVs costing more than ~$50k, essentially letting the tax breaks only apply to the part of the price below $50k. This would increase the price of a Model S by >$20k in Norway. (Norway has been one of Tesla's biggest markets outside the US; in 2015 10% of all Teslas sold went to Norway.)