In the runup to Tesla Inc.\u2019s 2016 acquisition of a company called SolarCity, Elon Musk hailed the deal as a \u201cno brainer\u201d \u2014 a purchase that would combine the leading maker of electric vehicles with a manufacturer of solar panels that can recharge EVs.<\/p>\n
It didn\u2019t exactly work out that way.<\/p>\n
On Monday in the Delaware Court of Chancery, the Tesla CEO will testify about the $2.5 billion deal in a shareholder lawsuit that alleges that Tesla\u2019s acquisition was rife with conflicts of interest, overlooked SolarCity\u2019s fundamental weaknesses and unsurprisingly failed to produce the profits Musk had promised.<\/p>\n
Questioned under oath, Musk plans to defend the purchase as a justifiable acquisition.<\/p>\n","protected":false},"excerpt":{"rendered":"
In the runup to Tesla Inc.\u2019s 2016 acquisition of a company called SolarCity, Elon Musk hailed the deal as a \u201cno brainer\u201d \u2014 a purchase that would combine the leading maker of electric vehicles with a manufacturer of solar panels that can recharge EVs. It didn\u2019t exactly work out that way. On Monday in the Delaware Court of Chancery, the Tesla CEO will testify about the $2.5 billion deal in a shareholder lawsuit that alleges that Tesla\u2019s acquisition was rife with conflicts of interest, overlooked SolarCity\u2019s fundamental weaknesses and unsurprisingly failed to produce the profits Musk had promised. Questioned under […]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-425665","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/425665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=425665"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/425665\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=425665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=425665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=425665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}