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Musk on the Stand: Cool, Combative and Holding Firm on SolarCity

  • Musk was largest investor in both firms at time of 2016 deal
  • Suit says Musk pushed deal to help struggling solar installer
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Elon Musk Grilled About SolarCity Purchase
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Elon Musk was cool but combative as he testified in a Delaware courtroom that Tesla Inc.’s more than $2 billion acquisition of SolarCity in 2016 wasn’t a bailout of the struggling solar provider.

Musk said he “definitely” did not have any sway over the company’s board when it approved the SolarCity deal. The Tesla chief executive officer also denied vowing to retaliate against any director who voted against the acquisition and said he had no control over their compensation or board committee assignments.