Article By:
Tyler Durden
Tuesday, May 16, 2017 5:00 AM EDT
Rive co-founded SolarCity with his older brother Peter in 2006 with financial backing from their cousin Musk. Peter Rive, who was SolarCity's chief technology officer, will remain to focus on the company's solar roofs.
TSLA Will Announce Earnings Today – Here’s My Prediction
$TSLA and #ElonMusk have a solid vision and plan. It is obvious that they will not meet Q4 targets, however, the loss will not be as bad as previous losses. Moreover, the diversification into $SCTY will allow for some sort of lateral integration which will cut costs of production. Despite anticipated losses, I believe that $TSLA in the future will see profitability soar once the market has shifted to green energy. This is one of the buy and hold stocks, that may not be worth shorting in the near future.
The Next Energy Sector Collapse — Coming SOON…
Take a look at $XLU vs. $SCTY / $TAN now. How's your long solar / short XLU play working out for ya?
The Next Energy Sector Collapse — Coming SOON…
Take a look at the charts for $SCTY and $TAN... then compare to the chart of $XLU... it's a no-brainer. Go ahead and short $XLU -- I'll gladly take the other side of that trade.