The oohing and ahing from the assembled journos was kinda funny though; in a naïve, never had to bet real money sort of way.
TSLA $189.85 down $7.88 (-3.99%); SCTY $19.00 down 0.60 (-3.06%). Nasdaq down 1.05%.
After last Wednesday's earnings announcement the stock (very) briefly traded as high as $216.48 (16:18:30 PM).
That's down 26 bucks in four trading days. As the retail guys say "And Mr. Bigg, if you annualize that..."
From Investor's Business Daily:
Tesla Motors (TSLA) and SolarCity (SCTY) on Tuesday will release more financial information related to their planned merger ahead of Nov. 17 shareholder-approval votes.
The company will post "additional information about the pending acquisition of SolarCity" after the market close with a Q&A at 5 p.m. ET, Tesla said in a statement.
CEO Elon Musk still has to convince shareholders that a Tesla-SolarCity merger makes sense, amid criticism that Tesla is engaging in a de facto bailout for SolarCity, with the latter run by two of his cousins. Musk is the top shareholder of Tesla and SolarCity, but he says he'll abstain from the vote.
Late Friday, Musk announced a solar-tile roof that would be a joint Tesla-SolarCity offering. The photovoltaic cells would be hidden from view, but key figures — such as cost and solar efficiency — were notably absent.Recently:
Also last week, Tesla reported a surprise third-quarter profit. But the stock gain was short-lived as some analysts said one-time factors and an all-out push by Musk were unsustainable....MORE
Tesla: "After All Is Said and Done, More Is Said Than Done" (TSLA)
JP Morgan Talks Tesla (TSLA)
Just A Reminder: "Musk Urges Tesla Workers to Cut Costs Ahead of Fundraising Round" (TSLA)
"Tesla Earnings Smash Expectations After Dramatic Change In Reporting Methodology" (TSLA)
Tesla Motors Plans to Change How it Reports its Earnings (TSLA)
That gets us to Oct. 26. For more, going back to the IPO, use the search blog box if one is so inclined.