Why Elon Musk’s Plan To Merge Tesla With SolarCity Will Probably Work
Elon Musk’s plan to consolidate his clean-energy empire has few fans on Wall Street.
Tesla, Musk’s electric car and battery maker, and SolarCity, his energy firm, are notorious for burning through cash. Their boards of directors, stacked with Musk’s family and allies, threaten a “corporate governance nightmare” with few checks on power, The Financial Times has warned. There are real concerns that Musk accelerated his plans to fuse the two companies ― he serves as Tesla’s chief executive and SolarCity’s chairman ― because SolarCity is struggling and needs to be bailed out before things get worse.
More...