TSLA/SCTY merger. Does it make any sense?

Michael J. Fletcher

Michael J. Fletcher

It's just crazy, I was bearish on Tesla before, but now?! What are they doing guys? They need cash to ramp up the production of their cars, but they're burning on SCTY which isn't related to the core business at all! WTF guys?
 
This guy either blows up or makes it big. He's playing with fire, but I think he's got big plans in mind. Solar-powered cars are a real possibility IMO.
 
I think Elon Musk is preparing for a Mars colony buildup. Ie. everything electrical, using solar energy etc...
I should know it, isn't it? :D
 
Vincent S. Ashmore said:
$SCTY wants to cut down growth and borrowing.. Easier to do outside public scrutiny indide$TSLA
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I don't get that. TSLA is public they will read their P&ls and balance sheet and figure out what SCTY is doing. And you better believe on the earnings calls they will ask "how is your SCTY division doing?" I think Musk is just trying to get back control to get in on the right track. Market is hating the move so far we'll see what happens
 
coolraz said:
I don't get that. TSLA is public they will read their P&ls and balance sheet and figure out what SCTY is doing. And you better believe on the earnings calls they will ask "how is your SCTY division doing?" I think Musk is just trying to get back control to get in on the right track. Market is hating the move so far we'll see what happens
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there is a zero correlation between two businesses, of course the market won't like it.
 
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