On: Tesla and Solar City Combine

[manmal]

Can anyone explain to me why SolarCity's stock is going down right now? (-5,2% in the last 24h).

[tcoppi → manmal]

The offer values solarcity at $25.37, so that's effectively a new ceiling on the price, unless new info surfaces.

Edit: Since this is an all-stock deal, the valuation and hence price is going to float based on TSLA's price, at a ratio of .11 * TSLA = SCTY price.