By Leslie Picker | The New York Times
In the face of questions about debt, widening losses, governance and strategic logic, Tesla Motors and SolarCity announced a $2.6 billion stock merger on Monday.
Now, it is up to Elon Musk to persuade the shareholders of the two companies — he founded both — that the deal makes sense. The transaction requires the approval this year of a majority of shareholders from both Tesla and SolarCity, excluding Mr. Musk and other insiders.
Completion of the deal may come down to whether enough investors have the patience to accept the near-term headaches while waiting for Mr. Musk’s long-term vision.
