Rescue plan: Musk’s Tesla announced it would buy his SolarCity, rescuing the solar installer from its own troubled balance sheet. The deal closed last November. It valued the stock at less than US21 from US34 in April. – Reuters
WHEN Elon Musk’s SolarCity hosted stock analysts about a year ago to gush about its prospects in the solar industry, Gordon Johnson was nowhere to be found.
It seems that Johnson, a 36-year-old analyst at boutique advisory shop Axiom Capital Management Inc, wasn’t invited. This may not have been an oversight; it happens to him a lot.
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