• Elon Musk testifies in Tesla shareholder lawsuit over SolarCity acquisition

    Elon Musk, Founder and Chief Engineer of SpaceX, speaks in the course of the Satellite tv for pc 2020 Convention in Washington, DC, United States on March 9, 2020.

    Yasin Ozturk | Anadolu Company | Getty Photographs

    WILMINGTON, DEL. — Tesla CEO Elon Musk defended his function within the firm’s $2.6 billion acquisition of SolarCity in court docket Monday, arguing he did not have any undue strain on the deal.

    Shareholders within the go well with allege the 2016 deal amounted to a SolarCity bailout, suing Musk and his fellow board members. Whereas the Tesla board members settled in late