Why SolarCity Has Become a Shell of Its Former Self Since Tesla Buyout
When Tesla (NASDAQ: TSLA) bought SolarCity last fall, some observers, including myself, called it a bailout of the residential solar installer. SolarCity's business was in trouble and Tesla bought it to save Elon Musk's reputation and millions of dollars for himself, his cousins, and SpaceX.
Less than eight months after the SolarCity deal closed, Tesla has lost most of its most important employees and laid off thousands of lower-level workers. SolarCity is a shell of itself -- and on Tuesday, it got a little weaker.
Source: Fool.com
Tesla Inc Stock
Our community is currently high on Tesla Inc with 56 Buy predictions and 27 Sell predictions.
With a target price of 242 € there is a positive potential of 46.37% for Tesla Inc compared to the current price of 165.34 €.