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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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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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