A Delaware court sided with Tesla CEO Elon Musk in a bitter legal battle over whether he acted against the best interest of other shareholders when he steered the electric car maker into a $2.6 billion acquisition of a solar panel maker founded by two of his cousins
While shareholders had argued Musk grossly misrepresented the value of SolarCity's technology for Tesla, Slights disagreed. Pointing to evidence showing Tesla has been able to cross-sell solar and home battery storage products to consumers who also bought Tesla cars, “the preponderance of the evidence suggests that the Acquisition was and is synergistic," the judge wrote.
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