Is Tesla's Elon Musk Responsible for $2.6 BILLION In Damages Over WORTHLESS SolarCity Deal? Lawsuit Says So...

Directors of Tesla Inc settled a shareholder lawsuit over the company’s 2016 acquisition of SolarCity Corp, leaving Chief Executive Officer Elon Musk as the lone defendant facing claims that Tesla paid $2.6 billion for a worthless solar energy system installer, according to court documents.

The $60 million settlement comes as a 10-day trial is scheduled to start on March 16 in Delaware in which shareholders seek $2.6 billion in damages, the entire cost of the SolarCity deal.

A lawyer for Musk and a spokesman for Tesla did not immediately respond to a request for comment.

Tesla shareholders have alleged Musk breached his fiduciary duties, squandered Tesla’s assets and unjustly enriched himself by pushing to buy the money-losing solar company in which he was the biggest investor...
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MDarringer - 2/1/2020 8:06:25 AM

0 Boost

The guy is a charlatan. He needs to go. The picture of the house with the solar roof and the Model 3 in the garage is very similar to a Nazi propaganda picture depicting KDF Stadt.

skytop - 2/3/2020 8:26:57 AM

+1 Boost

Musk is singularly RESPONSIBLE for causing devastatuin of Earthbound astronomy.
https://inews.co.uk/news/technology/elon-musks-internet-satellites-risk-destroying-the-night-sky-1329917