Investment Bank Makes $400 Million Mistake In Tesla / SolarCity deal

Over two weeks after the Tesla / SolarCity deal was signed, SolarCity’s investment service, Lazard, realized a substantial monetary error in the $2.6 billion sale. The company was offered to Tesla for a shortage of $400 million. Lazard’s initial analysis reported SolarCity’s equity value between $14.75 and $34 per share. However,… …read more