Elon Musk To Testify In Court For Tesla’s Acquisition Of Solarcity
Tesla Inc’s 2016 $2.5 billion acquisition of the solar panel maker SolarCity has proved to be a loss recently. Elon Musk had decided that the company will help in making solar panels to charge the electronic vehicles that Tesla made. On Monday, Musk is supposed to testify in the Delaware Court of Chancery about the deal in a lawsuit filed by the shareholder. They accused him of ignoring the basic faults in SolarCity and failing to produce profit as he promised. When they made the purchase, the biggest shareholder…
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