11-13-2024, 08:27 AM
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Tesla CEO Elon Musk took the witness stand Monday to defend his company s 2016 acquisition of a trouble stanley cup d company called SolarCity against a shareholder lawsuit that claims Musk was to blame for a deal that was rife with conflicts of interest and failed to produce the profits he had promised.In a sometimes testy exchange with a plaintiffs attorney, Musk denied any conflict of interest, saying he had nothing to gain from the all-stoc stanley cup k acquisition because he owned shares of both companies. Some of your questions, he told the opposing attorney, are really tricky and deceptive. In the runup to Tesla Inc. s 2016 acquisition of a company called SolarCity, Elon Musk hailed the deal as a no brainer mdash; 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 gave his testimony 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. stanley cup Race for world s first commercially viable electric plane: The battle for Tesla of the skies 03:52 Iltx 7-Eleven to close more than 400 of its convenience stores. Here s what to know.
NEW ORLEANS - The district attorney in New Orleans says a grand jury has indicted 10 people in connection with a wild shootout at a city playground late last year.Seventeen people were wounded and sent hundreds scrambling from Bunny Friend park in the city s Upper 9th Ward on Nov. 22 during a block party attended by hundreds of people.District Attorney spokesman Chris Bowman says the 15-count indictment was returned Wednesday. The charges including adidas originals negligently adidas og discharging a firearm and obstruction of justice. Eleven of the 17 shooting victims were younger than 21. The youngest was a 10-year-old boy. He was shot in the leg. converse ponent--type-recirculation .item:nth-child 5 display: none; inline-recirc-item--id-b5a29daa-9bec-486f-a2a2-ee67b591e825, right-rail-recirc-item--id-b5a29daa-9bec-486f-a2a2-ee67b591e825 display: none; inline-recirc-item--id-b5a29daa-9bec-486f-a2a2-ee67b591e825 ~ .item:nth-child 5 display: block; In: New Orleans
Tesla CEO Elon Musk took the witness stand Monday to defend his company s 2016 acquisition of a trouble stanley cup d company called SolarCity against a shareholder lawsuit that claims Musk was to blame for a deal that was rife with conflicts of interest and failed to produce the profits he had promised.In a sometimes testy exchange with a plaintiffs attorney, Musk denied any conflict of interest, saying he had nothing to gain from the all-stoc stanley cup k acquisition because he owned shares of both companies. Some of your questions, he told the opposing attorney, are really tricky and deceptive. In the runup to Tesla Inc. s 2016 acquisition of a company called SolarCity, Elon Musk hailed the deal as a no brainer mdash; 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 gave his testimony 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. stanley cup Race for world s first commercially viable electric plane: The battle for Tesla of the skies 03:52 Iltx 7-Eleven to close more than 400 of its convenience stores. Here s what to know.
NEW ORLEANS - The district attorney in New Orleans says a grand jury has indicted 10 people in connection with a wild shootout at a city playground late last year.Seventeen people were wounded and sent hundreds scrambling from Bunny Friend park in the city s Upper 9th Ward on Nov. 22 during a block party attended by hundreds of people.District Attorney spokesman Chris Bowman says the 15-count indictment was returned Wednesday. The charges including adidas originals negligently adidas og discharging a firearm and obstruction of justice. Eleven of the 17 shooting victims were younger than 21. The youngest was a 10-year-old boy. He was shot in the leg. converse ponent--type-recirculation .item:nth-child 5 display: none; inline-recirc-item--id-b5a29daa-9bec-486f-a2a2-ee67b591e825, right-rail-recirc-item--id-b5a29daa-9bec-486f-a2a2-ee67b591e825 display: none; inline-recirc-item--id-b5a29daa-9bec-486f-a2a2-ee67b591e825 ~ .item:nth-child 5 display: block; In: New Orleans