The real problem is likely that SCTY has lost access to affordable debt financing that they absolutely need for their ongoing business (to pay for the panels, the installations, and most importantly the massive overhead and sales organization). A while back, SpaceX subscribed for some 150m SCTY bonds. Why would they do that, if they can find external investors? Musk talked about potentially providing a "bridge loan" to SCTY until the deal closes, even though he "doesn't think it is needed" ;-) BTW stock loan rates for SCTY are around 50%.
I hear he wants to launch a solar charging station in space with SpaceX and beam it back down to directly charge Tesla cars.... This move makes sense.... SCTY makes the panels. As a plus it can act as a sunshade over the middle east, lowering tensions due to heat and basically solving world peace....
Musk and Rive once again had to step in to finance SCTY until TSLA investors pick up the tab. Of a 124m SCTY bond offering, they bought 100m... “They were hoping to target impact investors,” Serota said. “That hasn’t happened.” http://finance.yahoo.com/news/musk-rive-brothers-buying-100-221546406.html