This was a juicy little story that came out today...apparently someone double-counted some projected indebtedness for SolarCity which dropped the projected valuation range by $400m. That comes out to right around 15% of the $2.6Bn deal...which made me pause for a minute and think...
While Lazard is known for their amazing analysts and the prestige oozing out of the bullpen, it just goes to show you that 100+ hour weeks might lead to a few mistakes...do you hear that VPs/Associates/MDs at Lazard? DON'T BLAME THE ANALYST or the WSO Monkey Army will be called upon.
How many Model Ss can $400 million buy? Quick math = 5,000...only about 10% of current annual production.
Nothing to see here, moving along.
...so do you guys think something else more nefarious is going on here? Did the SolarCity shareholders just get bent over by Musk?