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Tesla CEO Elon Musk defends SolarCity purchase against conflict of interest allegations

Tesla CEO Elon Musk defends SolarCity purchase against conflict of interest allegations Isabel Hughes, Delaware News Journal Elon Musk to testify at Delaware Court Monday UP NEXT Elon Musk was quietly whisked into the New Castle County Courthouse in Delaware on Monday morning, evading a gaggle of press anxiously awaiting his arrival in connection with a lawsuit over Tesla s 2016 acquisition of a solar energy generation company. What was lacking in any grand entrance, however, was made up for inside the seventh-floor courtroom, where the Tesla CEO sparred with the lead attorney in the shareholder lawsuit for much of the day.

Elon Musk defends SolarCity purchase in trial held in Delaware court

To reach that, Musk testified Monday, there need to be three fundamental pillars in place: energy generation from solar, wind, nuclear or other non-fossil fuel sources; energy storage; and energy consumption, i.e., by electric vehicles.  This is essential for humanity to have a good future, Musk said. We d (eventually) run out of oil and civilization would collapse. By 2016, the year the acquisition was finalized, Tesla already offered two of those three pillars.  Its Powerwall batteries, which are intended to be used for home energy storage, checked the storage box. Its electric vehicles checked the consumption box. SolarCity, which manufactured solar panels, was the third pillar, Musk and Chesler said Monday. Musk also stressed he received no financial gain from acquiring SolarCity.

Tesla trial pauses after attorney for the plaintiffs VOMITED in the juror box

Tesla trial pauses after attorney for the plaintiffs VOMITED in the juror box
dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.

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