Market Overview

Axiom's Gordon Johnson Gives Eight Reasons Why Tesla's SolarCity Offer Makes 'No Sense'

Share:
Related TSLA
How Much Safer Can Tesla's Model 3 Be Versus Other Cars? Up To 10 Times Safer
PreMarket Prep Recap, March 23: The Trade In The Financials Just Changed
Elon Musk calls the Model 3 a cheaper Model S (Seeking Alpha)
Related
Basking In The Sunshine: Google Could Drive Consumer Solar Growth
Gordon Johnson On 8Point3: There Are A Lot Of Similar Characteristics To SunEdison, SolarCity

Axiom Capital's Gordon Johnson appeared on Benzinga's PreMarket Prep morning radio show Friday. He made what most people would consider some rather concerning comments related to Tesla Motors Inc (NASDAQ: TSLA)'s proposed offer for SolarCity Corp (NASDAQ: SCTY).

Below is a recap of all the comments Johnson made on the topic. The comments appeared first, in real time, on the Benzinga Pro breaking news platform.

  • Axiom's Gordon Johnson on Benzinga's PreMarket Prep Says Tesla/SolarCity Deal 'Makes No Sense'
  • Axiom's Johnson Says He Talked with SolarCity Two Months Ago and Asked If a Deal is Possible, Mgmt Replied 'No'
  • Axiom's Johnson Says SolarCity 'is Tumbling Toward What We Think Could Be a Liquidity Event'
  • Axiom's Johnson Says Potential SolarCity Liquidity Event 'Would Be a Black Eye for Elon Musk and Could Potentially Limit His Ability to Raise the Billions He Needs for Tesla'
  • Axiom's Johnson on Tesla/SolarCity Deal: There Are Synergies, 'But We See This Deal as Very Non Sensical'
  • Axiom's Johnson Discussing Recent Musk Comments About Expansion of Green/Solar Customer Base: Questions 'How Many of [Those Customers] Are Already Fluent in Green Energy, Already Have a Solar System...'
  • Axiom's Johnson, Commenting on Musk's Assumption of an Expanded Green User Base, Says 'We'd Be Surprised If Customer Base was 10K. This Idea [a SolarCity/Tesla] Deal Would Create New Customer Base is Fictitious'
  • Axiom's Johnson Says Tesla 'Will Have to Learn to Sell a Whole Bunch of New Things' If SolarCity Deal Goes Through, Means Costs Will Go Up If Combination Happens

SolarCity shares last traded at $23.74, down about 0.8 percent from Thursday afternoon's close. Shares of Tesla, impacted in extended-hours trading by late-Thursday news of an NHTSA investigation into a fatal autopilot crash, have traded up about a quarter of a percent to $212.56.

Benzinga's PreMarket Prep show runs every weekend, Monday through Friday, starting at 8 a.m. EDT and ending around 9:30 a.m. EDT. To listen to the clip of Johnson's comments from Friday morning, scroll down.

Latest Ratings for TSLA

DateFirmActionFromTo
Mar 2017Deutsche BankMaintainsHoldHold
Mar 2017BernsteinInitiates Coverage OnMarket Perform
Feb 2017Goldman SachsDowngradesNeutralSell

View More Analyst Ratings for TSLA
View the Latest Analyst Ratings

Posted-In: Analyst Color News Exclusives Analyst Ratings Media

 

Related Articles (TSLA + SCTY)

View Comments and Join the Discussion!