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A risky move to save the investors in the company. If SolarCity had gone bankrupt, Tesla could have scooped it up for a bargain price. Elon Musk also happened t
by Thrymr 7y ago
A risky move to save the investors in the company. If SolarCity had gone bankrupt, Tesla could have scooped it up for a bargain price. Elon Musk also happened to be the largest investor and chairman of the board of that company. Bad for Tesla, good for Musk.
- xkjkls 7y agoHe also happened to be one of the largest bondholders as well. And SpaceX was also deeply invested in SolarCity bonds. He could not have been more conflicted in this transaction.