Elon Musk prevails in Delaware court case on SolarCity deal

Published April 27, 2022 6:36 PM

WILMINGTON, Del. (AP) — 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. The 132-page decision issued Wednesday by Delaware Chancery Court Vice Chancellor Joseph R. Slights vindicated Musk, who appeared on the witness stand last summer for two days of often combative testimony in which he defended his reasons for thinking it was a good idea for Tesla to buy SolarCity in November 2016.

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