solarcity

Elon Musk clashes again with lawyer, calls SolarCity deal 'a no-brainer'

Posted in REVIEWS on July 13, 2021
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WILMINGTON, Del. — Testifying for a second day, CEO Elon Musk pushed back again Tuesday against a lawsuit that blames him for engineering Tesla’s 2016 acquisition of a financially precarious company called SolarCity that was marred by conflicts of interest and never generated the profits Musk insisted it would. And for a second day, a pugnacious Musk sparred with Randall Baron, the plaintiffs’ attorney who has been grilling him about his role in orchestrating the Read More »

Elon Musk testifies in SolarCity suit, calls lawyer a 'bad human being'

Posted in REVIEWS on July 13, 2021
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Tesla CEO Elon Musk leaves court in Wilmington, Del., after taking the stand to defend Tesla Inc's 2016 deal for SolarCity. (Reuters) WILMINGTON, Del. — Tesla founder Elon Musk took to a witness stand Monday to defend his company’s 2016 acquisition of a troubled company called SolarCity against a lawsuit that claims he’s to blame for a deal that was rife with conflicts of interest and never delivered the profits he’d promised. And to the Read More »

Musk trial asks the $2 billion question: Who controls Tesla?

Posted in REVIEWS on July 9, 2021
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Does Elon Musk control Tesla or does Tesla control Elon Musk? More than $2 billion hinges on that question as a trial kicks off on Monday. Shareholders allege that Musk used his control of Tesla to force the company in 2016 to rescue SolarCity, saving the solar panel maker — and Musk's investment in the company — from bankruptcy. The union pension funds and asset managers leading the case want Musk to repay to Tesla Read More »