George Soros Bails Out Musk With $305 Mil SolarCity Investment
Solar panel producer SolarCity managed to raise $305 million thanks to a massive investment from an equity fund affiliated with billionaire liberal George Soros.
A private investment fund tied to Quantum Strategic Partners Ltd provided the company the bulk of the investment. Soros Fund Management LLC advised the fund.
The deal also includes an 18-year-loan with several other investment groups, the company said Monday in a press release. – READ MORE