Tesla/SolarCity Merger: All You Need To Know

Farewell SolarCity…. We hardly knew you.

It’s with a heavy heart that we bid farewell to SolarCity, one of our favorite little companies in the Rubicoin Showroom.The largest installer of solar panels in the United States has been acquired by Tesla Motors in a $2.6 billion deal as of last week.

The largest installer of solar panels in the United States has been acquired by Tesla Motors in a $2.6 billion deal as of last week.The merger was first announced in August by Tesla CEO Elon Musk, and was approved by the shareholders of both companies just over a week ago. Check out this blog for more information on

The merger was first announced in August by Tesla CEO Elon Musk, and was approved by the shareholders of both companies just over a week ago. Check out this blog for more information on what happens when a company is acquired.

SolarCity shareholders will receive shares in Tesla Motors at a ratio of 1 to 0.11. So that means that if you own 10 shares in Solarcity, you will now own 1.1 shares in Tesla Motors.How can you own 1.1 shares? What this essentially means is that you now own a fractional share, more information on which can be found

How can you own 1.1 shares? What this essentially means is that you now own a fractional share, more information on which can be found here.Please note that users who do not have an account with DriveWealth will receive a cash payout in lieu of fractional shares.

Please note that users who do not have an account with DriveWealth will receive a cash payout in lieu of fractional shares.

Shareholders should receive an email correspondence from their broker to outline how this affects their personal portfolio.

If you have any further questions regarding this merger, please feel free to email us at invest@rubicoin.com.

Kind regards,
The Rubicoin Team

 

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