Are you serious
A rule of thumb is 100 sq. ft. per every kilowatt (kW) of electricity the PV system produces. Module efficiency correlates with the power that is generated in a given amount of roof space. For basic planning purposes, a good rule of thumb is 10-12 watts per square foot. A typical solar electric system for a home will require approximately 200-400 square feet.
An 60KW pack would take about 800 SQ ft just to charge that one car Assming the 8 hours of storage from the panels is stored in a battery to make it a fast charge, otherwise it would take 8 hours to charge..
Who will he blame this on.
There is nothing stopping TESLA from accelerating the giga factory output except money and demand for powerwall/powerpacks. Merging does not change a thing in regards to getting volume output from the giga factory.
I think his point is that Musk lied by saying he would never sell any of his shares which he broke that promise last month. There was also another large sale buy the other Musk just last week which could be considered insider trading.
The only good if it passes is to make the loss per share go down for TESLA, even though overall losses will increase.
Like one news article points out, if TESLA is overvalued 50% or more right now, that in essence lowers the price that same amount they are paying for it.
That cash flow is going to be needed in the not to distant future to pay off SCTY debt
As far as fishing for other bidders, the article did mention that it could be just a short term hit to TESLA stock and would gain back those losses once the deal fell thru, so no real harm done. I myself see no other reason for the merger unless it is to keep SCTY stock up for another secondary in the near future, but that is just my opinion.
Good article on Seeking Alpha with two possible scenarios for this not being Musk's intent to have it approved
1) Musk is trying to "burn" the SCTY shorts which has been growing rapidly lately by showing them that the price can change/be manipulated very quickly
2) Musk is trying to shake out some other bids for the company in the hopes of someone else buying it.
Ignoring the size of the panels, it would be done today if it made sense. The companies do not have to merge to implement if it made any sense. BTY, for some reason the Prius already has this offered it in Japan and Europe, so it's not a new idea.
The one exception to my opinion above is that the institutions holding SCTY will want it approved
Based on the attitudes expressed in news articles, very few people seem to be able to find anything good about this merger except the SCTY stock holders now have a chance to sell at a better price before the vote. Without Musk/Musk votes, it's hard to see who has good reason to vote for approval
Expect it to continue a downward trend once people realize the chances of the merger being approved will fade away
I see it as too risky, my opinion is that this will get voted down and TESLA will go back up as a result. Just the opposite with SCTY
I have seen no news of anyone supporting this except Musk himself saying it is a "no brainer". I think when the votes are in and it gets rejected, it will show Musk to be the no brainer.
If both those posts are true, he will be in deep trouble with the SEC as that is obvious trading on insider information.