Elon Musk Testifies Over Tesla’s $2.6 Billion Acquisition Of SolarCity
Musk has denied allegations that Tesla’s acquisition of SolarCity was a bailout. He claims that as it was a stock-for-stock transaction, he owned nearly exactly equal percentages of each company and, consequently, there was no financial gain. However, if the shareholders win their case, then Musk may have to pay upwards of $2 billion from his…
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