‘Devil Is In The Details’ For Tesla-Solar City Deal

Before Brexit took over, Tesla Motors ’s ( TSLA ) bid to takeover SolarCity ( SCTY ) was the big news, with analysts for and against the merger . Oppenheimer’s Colin Rusch and his team reiterated a Perform rating on the stock today, but introduced new estimate around the deal. Rusch writes that the “working capital management and stationary power system refinancing” could the essential variables that make or break the merger, and the newly combined company will need cash in four main areas: stationary power capex (primarily solar), auto capex, working capital, and operating lease obligations. Read More »