Musk Testifies Tesla Needed SolarCity For Clean Power Goals

Musk Testifies Tesla Needed SolarCity For Clean Power Goals


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Musk Testifies Tesla Needed SolarCity For Clean Power Goals
Law360 (July 13, 2021, 9:53 PM EDT) -- Tesla Motors Inc. CEO Elon Musk told a Delaware vice chancellor Tuesday that the electric car company's $2.6 billion purchase of SolarCity Corp. reflected efforts to advance sustainable energy goals, as a bench trial with potentially billions of damages in the balance continued.
Elon Musk testified Tuesday that Tesla's $2.6 billion acquisition of SolarCity was driven by the need to advance the electric car company's clean energy goals. (AP Photo/Matt Rourke) Posing questions directly from the bench, Vice Chancellor Joseph R. Slights III asked Musk about the timing and justification for the deal during the second day of a 10-day Delaware...

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