Automoto Network

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 […] July 14, 2021 at 07:42AM

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 CEO 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 […] July 14, 2021 at 07:42AM

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 […] July 10, 2021 at 07:42AM