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Musk Testifies Tesla Needed SolarCity For Clean Power Goals

ADVERTISEMENT Musk Testifies Tesla Needed SolarCity For Clean Power Goals Law360 (July 13, 2021, 9:53 PM EDT) Tesla Motors Inc. CEO Elon Musk told a Delaware vice chancellor Tuesday that the electric car company s $2.6 billion purchase of SolarCity Corp. reflected efforts to advance sustainable energy goals, as a bench trial with potentially billions of damages in the balance continued. Elon Musk testified Tuesday that Tesla s $2.6 billion acquisition of SolarCity was driven by the need to advance the electric car company s clean energy goals. (AP Photo/Matt Rourke) Posing questions directly from the bench, Vice Chancellor Joseph R. Slights III asked Musk about the timing and justification for the deal during the second day of a 10-day Delaware.

Musk Denies Controlling $2 6B Tesla Deal In Fiery Trial Kickoff

ADVERTISEMENT Musk Denies Controlling $2.6B Tesla Deal In Fiery Trial Kickoff Law360 (July 12, 2021, 9:05 PM EDT) Tesla Motors Inc. CEO Elon Musk denied Monday that rooftop solar venture SolarCity Corp. was troubled when the electric car company bought it for $2.6 billion in 2016, at the sometimes acrimonious opening of a 10-day Delaware Chancery Court trial on demands that Musk repay billions to stockholders. Tesla CEO Elon Musk testified Monday in a Delaware Chancery Court trial over the electric car company s $2.6 billion acquisition of rooftop solar company SolarCity. (AP Photo/Matt Rourke) Musk testified as the first witness at the trial on class and derivative claims targeting an allegedly unfair exercise of his clout as Tesla s controlling.

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