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The filing was part of a lawsuit by Tesla shareholders alleging the company’s board breached its duties to investors by approving the $2.6 billion acquisition of the struggling company, which was run by Musk's first cousins and of which he was a chairman and the largest stakeholder. The former SolarCity operations have been a drag on Tesla, with panel installations slumping since they were acquired. Shareholder lawsuits that survive a motion to dismiss often settle before trial, which in this
Continue reading Elon Musk allegedly pushed SolarCity deal despite major cash crunch
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Elon Musk allegedly pushed SolarCity deal despite major cash crunch
