Tesla shares crashed 11% premarket

Market news

22 June 2016

Tesla shares crashed 11% premarket

Tesla Motors (TSLA) stocks fallen premarket 11% after the statements that indicate the intentions to buy the company SolarCity.

SolarCity Company is engaged in the production, financing and installation of solar energy systems. The head of Tesla Motors Elon Musk owns the shares and is the head of the board of directors of this company. It is expected that the deal could reach 2.8 bln dollars.

TSLA shares fell in premarket trading to $ 195.72 (-10.88%).

Before the bell: S&P futures +0.12%, NASDAQ futures +0.22%

House price index in the US rose less then forecasts

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