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Tesla Reality Check?

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craigh

Super Moderator
May 19, 2011
1,679
1,145
First Name
Craig
Looks like they're moving past all the SolarCity issues.
https://www.utilitydive.com/news/te...n-trouble-but-still-pushed-for-merger/563582/

Tesla CEO Musk knew SolarCity was in trouble but still pushed for acquisition, lawsuit alleges

Musk showed off its non-operational solar tiles in October 2016 and in November shareholders approved the deal. The lawsuit paints a damning picture, with Musk pushing for the merger's completion despite claiming to have recused himself.

"Almost immediately after the acquisition closed, SolarCity’s auditors E&Y confirmed that SolarCity was, in fact, insolvent," the investor lawsuit claims.


Newly-unsealed court documents allege Tesla CEO Elon Musk was aware that SolarCity was in financial distress but still pushed to acquire the company for $2.6 billion in 2016. The allegations are part of a shareholder lawsuit claiming Tesla overpaid for the solar installer.
 
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Carluminati

Full Sticker
Feb 17, 2015
86
38
First Name
Chris
Nissan needs to up its game, and add body styles to the Leaf platform . The Volt doesn't even count in my book. I'd love to get a Tesla Y. Why not!
 
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