In the runup to Tesla Inc.’s 2016 acquisition of a company called SolarCity, Elon Musk hailed the deal as a “no brainer” — a purchase that would combine the leading maker of electric vehicles with a manufacturer of solar panels that can recharge EVs.On Monday in the Delaware Court of Chancery, the Tesla TSLA, +0.63% CEO will testify about the $2.
“It basically was putting good money after bad,” Ives said. “For all the successes and all of the unimaginable heights Musk has achieved, this is one of the lowlights.”“I just think Musk and Tesla underestimated the challenges and the hurdles that the business brings,” he said.Tesla, which has disbanded its media relations department, did not answer a message Friday seeking comment about the lawsuit.
The lawsuit filed by the plaintiffs contends that Musk drove the decision to acquire SolarCity despite his clear-cut conflict of interest.
This article should be under fire: Correct it to solar city not Sunpower. Sunpower should be bought by Tesla tho. elonmusk
Sunpower belongs to total firm!
Tesla never acquired SunPower… they acquired SolarCity 🤦🏽♂️
And here we go again... I swear if we see the 500 again... And if the market goes red while AMC surges... Well then I know this is all manipulation....simple.
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