video Finance Videos
Breakingviews: Musk mystique meets M&A
Wednesday, June 18, 2014 - 03:01
Jeffrey Goldfarb talks to Christopher Swann about the contrarian and well-rewarded deal announced by SolarCity, where entrepreneur Elon Musk is chairman and biggest shareholder.
▲ Hide Transcript
▶ View Transcript
You on mosque can be inventor and entrepreneur can seem to do no wrong is trying to apply his magic touch. And today an area that he doesn't really -- that -- very much. His solar city where he's the chairman and just bought a company. And Chris the market just went crazy over this. We'll look at that company any cost 350 million dollars and he got an immediate boost the share price of 900. Million dollars so the magic works pretty much everywhere pretty much in life and that's not surprising thing is he did something rather counter intuitive which is he's he's bought the panel can. Now this has been a positive graveyard. The business that they've seven this -- -- mean he's been in the good part of -- yeah -- which city the biggest shareholder there in Germany. They do installations that help people finance. It -- but he stayed far away from. The panels which has been that's sort of disaster -- part of the appeal of the company's exactly that and I haven't they haven't been in the. Panel area which is suffered from this from a -- -- And he -- companies falling like flies in this particular area giving them the biggest and biggest producer in the world. Yeah they're little suicide Suntech Power I went that went bust in. Twenty team and a about forty companies that died in that twenty trial so why are so excited about the revote which is this this one that he bought yet. It's partly because it's on mosque this thing in the Elon Musk told dust. And that there are some strategic -- -- this festival. A lot of the panels and I think it from China and has been a trade -- brewing tariffs have been imposed. -- mean he took this massive collapse and for me actually ticket that I am actually at risk. And the second appealing aspect about this company's technologies that. Has sent a city that's rooftop installations and that efficiency is at a premium and this produces among the most efficient panels in the world so. On the normal rooftop instead of needing 24 panels -- that you need a team not a -- -- a whole range of the costs for him. Installation man power wiring. But there's obviously much more to it -- transaction. You know and I was strategic logic made -- a little but even that goes against the grain. But we think of Moscow is more of a build their right in the -- -- -- Electric car space rockets he's not a buyer. And you know you've you've -- your column that there's you know there are some real risks in this. Right bulls festival and it's not just the purchase price and he's also going to be after these polls taken out and about 400 million dollars building and you sounds. And that's on top event yet and the research and development costs and he mentioned in the conference -- that he's planning to invest heavily in research and development. -- he's getting into an entirely new and somewhat risky field. -- well markets happy now we'll see if it stays that way we'll be back with more breaking news tomorrow.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code
Breakingviews: Musk mystique meets M&A
Wednesday, June 18, 2014 - 03:01
Top News »
1:40am BST - (1:31)
12:30am BST - (1:34)
Fri, 20 Apr, 2018 - (0:31)
Fri, 20 Apr, 2018 - (1:29)
Fri, 20 Apr, 2018 - (1:12)
Fri, 20 Apr, 2018 - (0:57)
Fri, 20 Apr, 2018 - (0:43)
Fri, 20 Apr, 2018 - (1:43)
Fri, 20 Apr, 2018 - (2:04)
Fri, 20 Apr, 2018 - (2:03)
Fri, 20 Apr, 2018 - (1:47)
Fri, 20 Apr, 2018 - (2:16)
Editors' Picks »
Fri, 20 Apr, 2018 - (1:24)
Thu, 19 Apr, 2018 - (0:57)
Thu, 19 Apr, 2018 - (1:45)
Tue, 17 Apr, 2018 - (2:44)
Tue, 17 Apr, 2018 - (2:15)
Mon, 16 Apr, 2018 - (1:59)
Sat, 14 Apr, 2018 - (1:09)
Sat, 14 Apr, 2018 - (2:15)
Sat, 14 Apr, 2018 - (1:40)
Most Popular »
Wed, 07 Jun, 2017 - (2:38)
Fri, 17 Nov, 2017 - (1:46)
Wed, 06 Apr, 2016 - (1:33)
Thu, 23 Nov, 2017 - (1:28)
Fri, 21 Feb, 2014 - (1:51)
Thu, 18 May, 2017 - (1:16)
Tue, 09 Dec, 2014 - (1:59)
Business »
Fri, 20 Apr, 2018 - (1:09)
Fri, 20 Apr, 2018 - (5:20)
Fri, 20 Apr, 2018 - (1:22)
Fri, 20 Apr, 2018 - (1:37)
Fri, 20 Apr, 2018 - (1:03)
Fri, 20 Apr, 2018 - (1:59)
Fri, 20 Apr, 2018 - (1:48)
Fri, 20 Apr, 2018 - (4:56)
Fri, 20 Apr, 2018 - (1:42)
Fri, 20 Apr, 2018 - (1:47)
Fri, 20 Apr, 2018 - (1:47)
Fri, 20 Apr, 2018 - (1:44)
Featured Videos
Luxury liner Queen Elizabeth II reopens as floating hotel
One of the world's most famous ships is now a floating hotel permanently moored at Dubai's Mina Rashid port
World Toad in the Hole Championships
The aim of the traditional pub game originating from France is to land as many large brass coins or 'toads' in a table's small hole
Tarantula burgers on the menu
For adventurous diners, tarantula topped burgers are available at a Durham, North Carolina restaurant as part of its ‘exotic meat’ month
Runners brave the cold for North Pole Marathon
Runners brave freezing conditions at top of the world in North Pole Marathon
UK firm turns discarded gum into shoes, coffee cups and combs
Chewing gum is a blight on city streets and takes a heavy toll on the environment, say its critics. But one woman in Britain is performing modern-day alchemy on it
Technology »
Fri, 20 Apr, 2018 - (1:50)
Thu, 19 Apr, 2018 - (1:54)
Thu, 19 Apr, 2018 - (0:46)
Wed, 18 Apr, 2018 - (1:03)
Wed, 18 Apr, 2018 - (1:01)
Wed, 18 Apr, 2018 - (1:35)
Tue, 17 Apr, 2018 - (1:25)
Tue, 17 Apr, 2018 - (1:07)
Mon, 16 Apr, 2018 - (1:54)
Entertainment »
3:21am BST - (1:24)
3:10am BST - (0:59)
Fri, 20 Apr, 2018 - (0:46)
Fri, 20 Apr, 2018 - (1:31)
Fri, 20 Apr, 2018 - (2:10)
Fri, 20 Apr, 2018 - (0:49)
Thu, 19 Apr, 2018 - (1:19)
Thu, 19 Apr, 2018 - (1:27)
Thu, 19 Apr, 2018 - (1:28)
Thu, 19 Apr, 2018 - (1:36)
Wed, 18 Apr, 2018 - (1:04)
Sports And Leisure »
Fri, 20 Apr, 2018 - (1:08)
Thu, 19 Apr, 2018 - (2:22)
Thu, 19 Apr, 2018 - (0:48)
Thu, 19 Apr, 2018 - (1:19)
Wed, 18 Apr, 2018 - (3:00)
Wed, 18 Apr, 2018 - (1:30)
Tue, 17 Apr, 2018 - (1:23)
Mon, 16 Apr, 2018 - (2:02)
Mon, 16 Apr, 2018 - (2:55)
Fri, 13 Apr, 2018 - (0:52)
Oddly Enough »
Fri, 20 Apr, 2018 - (1:00)
Fri, 20 Apr, 2018 - (1:27)
Thu, 19 Apr, 2018 - (0:53)
Thu, 19 Apr, 2018 - (0:53)
Tue, 17 Apr, 2018 - (1:33)
Tue, 17 Apr, 2018 - (1:27)
Thu, 12 Apr, 2018 - (0:49)
Wed, 11 Apr, 2018 - (3:54)
Tue, 10 Apr, 2018 - (0:56)
Dateline Asia »
Tue, 05 Dec, 2017 - (2:06)
Tue, 05 Dec, 2017 - (2:11)
Fri, 01 Dec, 2017 - (2:04)
Thu, 30 Nov, 2017 - (2:10)
Thu, 30 Nov, 2017 - (2:14)
Wed, 29 Nov, 2017 - (2:11)
Tue, 28 Nov, 2017 - (1:55)
Tue, 28 Nov, 2017 - (2:21)
Mon, 27 Nov, 2017 - (2:25)
Fri, 24 Nov, 2017 - (2:16)
Fri, 24 Nov, 2017 - (2:14)
Thu, 23 Nov, 2017 - (2:18)