Thursday, September 8, 2016

Professor Damodaran: "Keystone Kop Valuations: Lazard, Evercore and the TSLA/SCTY Deal" (TSLA)

Tesla is under $200.00 again, $197.30 down $4.41 (-2.19%).
SolarCity is currently trading at a discount to the implied merger price indicating some suspicion the deal won't close.

Tesla just raised $300 mil from Deutsche to fund their leasing program. They need to raise 20 times that amount to pull off what they are trying to accomplish.
See this morning's Bloomberg Gadfly "That SolarCity Spread

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