SFInvestor21, first please google the definition of FUD. But maybe you already know it because you are actively spreading FUD.
A few facts regarding the SolarCity deal:
1. The most important piece of evidence: even without Elon's vote, 85% of Tesla's shareholders voted FOR the Tesla/SolarCity merger. Do you understand the power of this voting result? In case you didn't know, Tesla disclosed this potential merger to shareholders in the early stage so every shareholder could have time to understand and make a fully informed decision. With shorts like Jim Chanos ponding the table everyday and explaining why it's a bad deal for Tesla, shareholders had plenty time to look at every potential drawback of the deal.
2. On Tesla's 2006 Master Plan, there is an item called "Provide solar power". Tesla has long planned to have a solar unit, it's not a sudden idea to buy SolarCity. SolarCity has unique value to Tesla. Elon likes to do Giga scale productions (car, energy storage, and solar energy). SolarCity has a Gigafactory in Buffalo which has access to low cost hydrapower energy, also the factory only costs $1 a year to rent. Put everything aside, this factory is super valuable for Tesla's Master Plan. SolarCity also has other assets that fit perfectly as the energy unit under Tesla. Most of SolarCity's debt was in solar bond, backed by income streams from installed solar panels. Today when I look at the $2.6B deal, I still think it's a great deal for Tesla from long term view. It will generate a lot of positive cashflow in the long run. Majority of Tesla shareholders focus on longterm economics and understand the value. Tesla is now testing/perfecting the solar roof. Based on the early results I saw online, (Yes it's already installed on some houses), this product makes a lot of sense. I am personally waiting to buy the solar roof.
3. For those who are not familiar with the matter, before merger, Elon was never the CEO of SolarCity and his involvement with SolarCity's day-to-day business was very limited. If Tesla didn't buy SolarCity, I have no doubt Elon would have taken SolarCity private and run it into a highly successful solar energy company. Elon has the capability and financial resource to do that. Unfortunately that would be a loss for Tesla shareholders. When I picked up my Model 3, I saw several customers talking to the rep discussing potential installation of solar panels/roofs. Now Tesla is becoming a one-stop shop for all the energy needs: cars, solar, energy storage.
Shorts say Tesla lose money on every car, and lose money on every solar installation. We will see what will happen in the next 6 months and the next few years.