OK, so Tesla cars and Solar City both need batteries. In that, I see a relationship of convenience.
Still, TSLA isn't a car company. it's maybe a multi corporation or a diversified industrial.
That's not what people bought when TSLA went IPO.
If the SCTY acquisition goes through will TSLA be a multi corp? Or would it be a diversified industrial.
The problem here is people who bought TSLA were investing in a niche automobile manufacturer. Now it's becoming something completely different. Is this how you want to diversify?
price topped $100, way above analyst forecast.