Elon Musk made a $6 billion mistake when he bought SolarCity with Tesla stock

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Elon Musk created a $6 billion mistake when he utilized Tesla stock to get SolarCity at 2016.
The stocks were worth $2.6 billion at the moment, but have soared 320 percent since then.
Musk effectively paid $8.4 billion for SolarCity, more than triple what he planned to invest.
Warren Buffett made the mistake when he utilized stocks to get Dexter Shoe at 1993.
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When Elon Musk obtained SolarCity at the autumn of 2016, he paid for it with Tesla stock worth $2.6 billion at the moment. Those stocks are worth $8.4 billion now.

Tesla’s CEO gave 0.110 Tesla stocks to SolarCity stockholders for every share they owned in the solar-energy company. Based on the electric-car manufacturer’s $230 stock cost in late July 2016, the deal appreciated each SolarCity share at $25.36 at the moment. See the rest of the story at Business Insider

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