It's a rough day for Elon Musk's stocks. In addition to Tesla, SolarCity (SCTY -9.9%) has given...

|About: SolarCity Corp. (SCTY)|By:, SA News Editor

It's a rough day for Elon Musk's stocks. In addition to Tesla, SolarCity (SCTY -9.9%) has given back some of this year's giant gains, possibly thanks to concerns about its June 11 lockup expiration. Nearly 61.6M shares, or 82% of SolarCity's outstanding shares, become eligible for sale following the expiration. "The floodgates are about to open," says Raymond James' Alex Morris. Musk owns 28% of SolarCity, or a little over a third of the shares affected by the expiration. (previous)