Musk: SolarCity must solve its 'liquidity crisis' before the vote

From:: Elon Musk
Date:: September 18, 2016 (date and recipient per Business Insider; CNBC says only 'September' 2016)
To:: Brad Buss (former SolarCity CFO, Tesla director) and SolarCity executives

Partial text. Only these passages were published; [...] marks a gap.

Three things need to happen to change investor sentiment: SolarCity solving its liquidity crisis, an LOI with Panasonic to address solar cell production risk, and a joint product demo. Should be able to do all those before the shareholder vote.

About this email

Musk lists three things needed to change investor sentiment about the SolarCity acquisition: fixing SolarCity's liquidity crisis, a Panasonic letter of intent on solar cells, and a joint product demo.

Notes

CNBC quotes the text and says Musk 'wrote to SolarCity execs in September' 2016; Business Insider describes an email dated Sept. 18, 2016 to Brad Buss saying SolarCity needed to solve its liquidity crisis to persuade investors. The two descriptions are treated here as the same email; that identification is an inference.

Where it came from

Court record; attribution widely reported.

SolarCity, board, investors & advisers. Tags: solarcity, liquidity, panasonic, investors, merger-vote

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