Elon Musk made a $6 billion mistake when he bought SolarCity with Tesla stock | Markets Insider
When Elon Musk acquired SolarCity in the fall of 2016, he paid for it using Tesla stock worth $2.6 billion at the time. Those shares are worth $8.4 billion today.
Tesla's CEO gave 0.110 Tesla shares to SolarCity stockholders for every share they owned in the solar-energy company. Based on the electric-car maker's $230 stock price in late July 2016, the deal valued each SolarCity share at $25.36 at the time.
That is okay. Musk and Tesla owners will be okay. They are having a heck of a run.