6 ms·
There weren't many pertinent facts or details included in this story. The article focuses on how poorly SolarCity seems to be performing post-acquisition. How
by smallgovt 7y ago
There weren't many pertinent facts or details included in this story.
The article focuses on how poorly SolarCity seems to be performing post-acquisition. However, hindsight is 20/20. The fact that the acquisition turned out to be a mess doesn't make it a fraudulent transaction -- many if not most large acquisitions don't live up to expectations.
The facts that need to be considered to deem this fraudulent are the data/arguments that drove the decision to acquire SolarCity at the time of the acquisition. Mainly, were the arguments to acquire SolarCity honest and factual? Here is the acquisition pitch deck that Tesla put out at the time of acquisition: http://www.solarwakeup.com/wp-content/uploads/2016/10/Tesla-SolarCity-Investor-Presentation.pdf http://www.solarwakeup.com/wp-content/uploads/2016/10/Tesla-...
Unsurprisingly, the author of the article doesn't address any of the primary points contained in this pitch deck.