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Court hears appeal of ruling favouring Elon Musk in SolarCity deal

By Oliver Davis
Published in SolarCity
March 31, 2023
1 min read
Court hears appeal of ruling favouring Elon Musk in SolarCity deal

So, I read this article about Elon Musk and his court showdown over the SolarCity deal. Basically, Elon Musk bought SolarCity in 2016, which was a struggling solar panel company that his cousin was the CEO of. The problem was that Elon Musk was also the largest shareholder in the company. Critics accused him of using his position to push the deal through and enrich himself.

Well, fast forward to now and a group of Tesla shareholders are suing Elon Musk for violating his fiduciary duty by putting his own interests ahead of Tesla’s when he pushed the purchase of SolarCity. It’s a pretty complicated legal battle, and it could go either way.

Personally, I think it’s interesting to see how someone as successful as Elon Musk can be held accountable for his actions. It’s not often that billionaires have to answer to anyone, so it’s refreshing to see justice being served. Plus, it’s always entertaining to see these high-profile court battles play out.

Overall, I think this case is important because it highlights the importance of transparency and accountability in the corporate world. It’s not enough to be successful, you also have to play by the rules. We’ll have to wait and see what happens in court, but I’m definitely tuning in for the verdict.

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Court hears appeal of ruling favoring Elon Musk in 2016 SolarCity deal
Oliver Davis

Oliver Davis

Futurist and Philosopher

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February 08, 2024
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