Tesla bought SolarCity in 2016. The solar company was run by Elon Musk's cousins, and some Tesla shareholders argue the deal was a bailout.
Things got heated between Musk and the attorney for the shareholders suing him. "I do not respect you," Musk said.
Elon Musk said getting the Tesla Model 3 to market meant that the company needed "all hands on deck," so its solar division was deprived of resources.
Tesla CEO Elon Musk could have had a lucrative career on Wall Street, he suggested in a court hearing on Monday.
Elon Musk said in court that his "Technoking" title got "a whole bunch of free press and Tesla doesn't advertise and it's helpful to general sales."
Tesla bought SolarCity, founded by Elon Musk's cousins, in 2016. In a lawsuit, Tesla shareholders claimed the deal amounted to a bailout.
Bernie Sanders and Elon Musk got into a tiny tussle on Twitter Friday over “socialism.” Sanders on Thursday introduced a bill that would place a 60% tax on the wealth gained during the coronavirus crisis by billionaires including Musk and use the money raised to pay all American’s out-of-pocket healthcare […]
A worker in Tesla’s factory in Buffalo, New York, tested positive for COVID-19, The Verge reported on Tuesday. Tesla factories nationwide reopened in May, with the Buffalo factory opening on May 19. In mid-May, CEO Elon Musk sent Tesla workers in California to work in defiance of the stay-at-home orders […]
Elon Musk made a $US6 billion error when he used Tesla stock to buy SolarCity in 2016. The shares were worth $US2.6 billion at the time, but have soared 320% since then. Musk effectively paid $US8.4 billion for SolarCity, more than triple what he planned to spend. Warren Buffett made […]
After Tesla posted a surprise 3rd-quarter profit, short-sellers found themselves burned as the stock surged past $US300. Tesla’s automotive business is largely based now on its Model 3, a vehicle that endured a fraught birth but has now stabilised. With Tesla now selling around 250,000 cars a year, a short […]
Tesla shareholders filed a lawsuit against the company in 2016, alleging that CEO Elon Musk pushed the company to buy SolarCity to enrich himself. They said it was a breach of fiduciary duty. On Thursday, several depositions (including one of Musk) and documents included in the suit were published on […]
Tesla shareholders filed a lawsuit against the company in 2016, alleging that CEO Elon Musk pushed the company to buy SolarCity to enrich himself. They said it was a breach of fiduciary duty. On Thursday, several depositions (including one of Musk) and documents included in the suit were published on […]
Tesla CEOElon Musk repeatedly expressed his frustration with a lawyer interviewing him during a June 1 deposition, calling him “a shameful person” and other insults. The transcript of the deposition was obtained by PlainSite, an organisation that advocates for transparency in the US judicial system. “You seem like a very, […]
Tesla CEOElon Musk said he wishes the electric-car maker‘s Model 3 sedans were less expensive in a June deposition obtained by PlainSite, an organisation that advocates for transparency in the US judicial system. At the time of publication, the Model 3 is listed at $US39,490 on the Tesla website. Tesla […]
Tesla CEOElon Musk likely wouldn’t advocate for the electric-car maker‘s 2016 acquisition of the solar-panel company SolarCity if he could go back in time, he said in a June deposition. Musk cited the difficulty of the early stages of production for Tesla’s Model 3 sedan, which took significant resources away […]
Newly unsealed documents show that eight Tesla shareholders have accused Elon Musk of buying the solar-panel company SolarCity at an inflated price in 2016 to bail it out. Tesla acquired SolarCity – which was founded by Musk’s cousins, Lyndon and Peter Rive – for more than $US2 billion in 2016. […]
Last summer, Tesla began “Project Titan,” an attempt to quietly replace defective solar-panel parts across the US, according to documents viewed by Business Insider. The program focused on connectors made by Amphenol and optimizers which regulate the amount of energy and heat that flows to a solar panel. If a […]
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