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Articles for Solarcity

Column: A judge voids Musk’s huge Tesla pay package as dishonest, and hoo boy, is Musk steamed
11 months, 1 week ago

Column: A judge voids Musk’s huge Tesla pay package as dishonest, and hoo boy, is Musk steamed

LA Times  

Elon Musk may be learning the hard way that his streak of always having things his own way is coming to an end. If McCormick’s blockbuster 201-page order in the lawsuit brought by a Tesla shareholder survives a likely appeal to the Delaware Supreme Court, Musk would have to give up the options on nearly 304 million shares that the …

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What You Get When You Go Into Business With Elon Musk
55 years ago

What You Get When You Go Into Business With Elon Musk

Slate  

Around the time he was buying Twitter last year, Elon Musk borrowed a billion dollars from a different company he owns: SpaceX, which makes rockets. So he might get a lot of things he wants, even if those things don’t seem like they’ll provide much of a benefit to any shareholder of Company B except for, you know, Musk himself. …

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Delaware Supreme Court upholds judge’s finding that Tesla acquisition of Solar City was fair
1 year, 7 months ago

Delaware Supreme Court upholds judge’s finding that Tesla acquisition of Solar City was fair

Associated Press  

— Delaware’s Supreme Court has upheld a judge’s decision in favor of Tesla CEO Elon Musk in a lawsuit challenging the electric car maker’s $2.4 billion acquisition of a solar panel company founded by two of his cousins. The court on Tuesday rejected arguments from a group of Tesla shareholders that a Chancery Court judge erred in finding that Tesla’s …

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Musk deflects criticism of SolarCity deal, tells lawyer: ‘You are a bad human being’
3 years, 5 months ago

Musk deflects criticism of SolarCity deal, tells lawyer: ‘You are a bad human being’

LA Times  

Tesla Chief Executive Elon Musk speaks before unveiling the Model Y at the company’s design studio in Hawthorne. “I have great respect for the court,” Musk later added, “but not for you, sir.” The long-running shareholder lawsuit asserts that Musk, who was SolarCity’s largest stakeholder and its chairman, and other Tesla directors breached their fiduciary duties in bowing to Musk’s …

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Musk under fire again: CEO to testify over Tesla acquisition
3 years, 5 months ago

Musk under fire again: CEO to testify over Tesla acquisition

Associated Press  

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. Daniel Ives, an analyst at Wedbush Securities, called the acquisition a “clear black eye” for Musk …

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Lawyer who helped Musk beat defamation suit now will take on Tesla investors
4 years, 10 months ago

Lawyer who helped Musk beat defamation suit now will take on Tesla investors

LA Times  

Elon Musk, chief executive officer of Tesla Inc., leaves the U.S. District Court, Central District of California in Los Angeles during his defamation trial. A Manhattan trial lawyer who helped Elon Musk defeat a defamation lawsuit by a British caver is now set to defend the Tesla Inc. chief executive in a fight with his shareholders. Alex Spiro, a partner …

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Elon Musk is fighting multiple really ugly court fights at once
5 years, 3 months ago

Elon Musk is fighting multiple really ugly court fights at once

CNN  

New York CNN Business — Elon Musk is in the midst of numerous legal battles charging that he’s watching out more for his own interests than those of Tesla’s shareholders. The suit charges that cash crunch made Tesla’s acquisition more of a “bailout” of one of Musk’s companies than a strategic merger that would benefit Tesla, as Musk argued. “But …

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Elon Musk knew SolarCity was going broke before merger with Tesla, lawsuit alleges
5 years, 3 months ago

Elon Musk knew SolarCity was going broke before merger with Tesla, lawsuit alleges

LA Times  

When Tesla bought SolarCity in November 2016, Elon Musk billed the deal as a match made in green energy heaven: Combine a hot electric car company with the nation’s then-largest provider of solar rooftop panels to create a one-stop shop for clean energy customers. The filings are part of a long-running suit filed by shareholder Ellen Prasinos on behalf of …

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Elon Musk says he was involved in SolarCity discussions prior to Tesla merger
5 years, 4 months ago

Elon Musk says he was involved in SolarCity discussions prior to Tesla merger

LA Times  

“I could not be recused from all discussions. Tesla Inc. Chief Executive Elon Musk said he was involved in some discussions about the $2.6-billion acquisition of SolarCity in 2016, though he recused himself from a board vote approving the initial offer. The shareholders claim in the 3-year-old lawsuit that SolarCity was basically insolvent when the companies publicly announced plans to …

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Column: Walmart reopens old wounds over Tesla’s acquisition of SolarCity
5 years, 4 months ago

Column: Walmart reopens old wounds over Tesla’s acquisition of SolarCity

LA Times  

Solar-power developers often talk about a “pipeline” of projects, but this seems a bit too literal: To ensure proper torqueing, inspectors should have used a special tool known as an MC4 torque tool. That was one of the more choice details from Walmart Inc.’s lawsuit against Tesla Inc. accusing it of “widespread, systemic negligence” with regards to solar-panel installations on …

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