- July 12, 2021
- Posted by: Stratford Team
- Category: Business
Fort Lauderdale Mayor Dean J. Trantalis says the proposed underground beach tunnel will be an ‘experience in itself.’
In the runup to Tesla Inc.’s 2016 acquisition of a company called SolarCity, Elon Musk hailed the deal as a “no brainer” – a purchase that would combine the leading maker of electric vehicles with a manufacturer of solar panels that can recharge EVs.
It didn’t 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’s acquisition was rife with conflicts of interest, overlooked SolarCity’s fundamental weaknesses and unsurprisingly failed to produce the profits Musk had promised.
Questioned under oath, Musk plans to defend the purchase as a justifiable acquisition.
Ticker Security Last Change Change %TSLA TESLA, INC. 656.95 +4.14 +0.63%
TESLA ENERGY, PARTNERS EYE AUSTIN, TEXAS, AS SITE FOR FIRST ‘SOLAR…
