Tesla investors urge judge to order Musk repay $13 bln for SolarCity deal

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Tesla investors urge judge to order Musk repay...
 © CyprusMail 2022
Tesla Inc (TSLA.O) shareholders urged a judge on Tuesday to find Elon Musk coerced the company’s board into a 2016 deal for SolarCity and asked that the chief executive be ordered to pay the electric vehicle company one of the largest judgments ever of $13 billion.

“This case has always been about whether the acquisition of SolarCity was a rescue from financial distress, a bailout, orchestrated by Elon Musk,” said Randy Baron, an attorney for shareholders, at the start of his closing arguments.

The closing arguments recounted key findings from a 10-day trial in July when Musk...


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Article automatically added to our system on Wednesday, January 19, 2022

Tesla investors urge judge to order Musk repay $13 bln for SolarCity deal


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Article Tags: #tesla   #investors   #judge   #order   #repay   #solarcity  


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