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Tesla Doesn't Fit 'Automaker' Mold

If you focus exclusively on Tesla’s car unit, it looks to be a company on the rise. But autos are hardly the company’s only focus. “The problem for Tesla is that it doesn’t just sell electric vehicles,” according to New York magazine. “In 2016, Tesla bought solar energy company SolarCity for $2.6 billion, also taking on $3 billion in SolarCity debt. The deal raised a few eyebrows; SolarCity was founded in 2006 by one of Elon Musk’s cousins and Musk owned a 22% stake in the company and was chairman of the board.” There are other reasons for Tesla investors to worry, as well, according to the article.

Read the whole story at New York Magazine »

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