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While we’re on the subject of M&A, Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk again made some headlines by commenting on SolarCity Corp (NASDAQ:SCTY)‘s debt. In a tweet on November 4, Musk wrote:

“Tesla will def absorb SolarCity debt. Altho extremely unlikely, I would pay it personally if need be. Debts must be honored.”

Given that Musk is one of the richest people in the world and has substantial ownership stakes in SpaceX, Tesla, and SolarCity, that comment certainly is reassuring to many SolarCity debt holders. Given the price action on SolarCity on Friday, it certainly seems like many traders think that there is a good probability that shareholders will approve the merger between Tesla and SolarCity on November 17.

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According to our data, 36 funds that we track owned Tesla Motors Inc (NASDAQ:TSLA) shares on June 30, while 26 were shareholders of SolarCity Corp (NASDAQ:SCTY).

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