A trial court properly found that Tesla IncBCEO Elon Musk did not push the electric carmaker to overpay for SolarCity in 2016, the Delaware Supreme Court said on Tuesday (June 6), ending years of litigation over the US$2.6 billion (S$3.5 billion) deal. Musk was the biggest shareholder in both companies at the time, and Tesla shareholders alleged the billionaire pushed...
A trial court properly found that Tesla IncBCEO Elon Musk did not push the electric carmaker to overpay for SolarCity in 2016, the Delaware Supreme Court said on Tuesday , ending years of litigation over the US$2.6 billion deal.
Randall Baron, an attorney for the union pension funds and asset managers who sued, declined to comment. They also argued that Slights determined after a 10-day trial in 2021 that Musk meddled in the deal but failed to hold him liable.
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