It seems that Elon Musk is doing his utmost to show the benefits of a merger between Tesla Motors Inc (NASDAQ:TSLA) and SolarCity Corp (NASDAQ:SCTY) before shareholders vote on whether to approve or reject the combination. The tech entrepreneur showed off solar roofs with glass tiles that are more durable than normal roofing tiles on Friday, and that look more natural on roofs than existing solar panels. The solar roofs will be connected with the Powerwall 2 product and Tesla plans to install the roofs beginning next year.
Separately, David Einhorn intimated that he wasn’t too optimistic about Tesla in his third quarter investor letter, spotlighting a recent quote from NextDraft editor Dave Pell which said “It’s pretty amazing that we live in an age when a CEO of two public companies can give a talk about colonizing Mars and shareholders don’t see that as a warning signal.” Einhorn then added that “It’s not so amazing when one considers that those same complacent shareholders have been willing to look past years of over-promising and under-delivering from a promotional CEO.”
26 funds win our system owned SolarCity Corp (NASDAQ:SCTY) shares at the end of June, while 36 owners shares of Tesla Motors Inc (NASDAQ:TSLA).