SolarCity

Lawsuit: Tesla, Elon Musk Hid Facts About SolarCity Ties to SpaceX

Unsealed court documents show that Tesla shareholders are claiming that Elon Musk and Tesla withheld critical details about SolarCity and its relationship with SpaceX during Musk’s push to convince Tesla’s board and shareholders to acquire his cousin’s struggling solar power company, which Musk himself was the largest shareholder of.

Elon Musk at Model Y announcement

Elon Musk Deposed in Tesla Lawsuit over SolarCity Merger

Tesla CEO Elon Musk has been deposed in a class-action lawsuit relating to Tesla Inc’s $2.6 billion acquisition of SolarCity in 2016. As part of the deposition, Musk claimed he could not be recused from discussions about acquiring SolarCity, which he was both chairman and the largest shareholder of, because “I needed to voice my opinion, obviously.”

Elon Musk,CEO of Tesla

Vanity Fair: Elon Musk Fooled Tesla Investors, Bilked Taxpayers

Vanity Fair outlined in a recent article how Tesla CEO Elon Musk employed a number of questionable tactics in order to purchase the floundering solar power company he was both the largest shareholder of, SolarCity. In the opinion of former Tesla employee Dennis Scott, who worked at the company’s beleaguered “Gigafactory 2” in Buffalo, New York, Musk is “full of shit.” 

Tesla CEO Elon Musk is puzzled

Tesla Slashes Prices for Floundering Solar Panel Business

Tesla has reportedly cut its solar panel prices in an attempt to slow the decline of the companies solar business. In some locations, Tesla’s prices are now 38 percent below the national average. If the solar business continues to flounder, it could have major implications for Tesla’s taxpayer-supported operations in Buffalo, New York.

Tesla chief Elon Musk, pictured in March 2019, will take part in presentations of the new technology at the company's Silicon Valley headquarters

Steele: Elon Musk Doesn’t Want Government Subsidies; Let’s Give Him His Wish

Republicans have found healthcare reform to be a difficult task – and have put replacing Obamacare on the back burner – but the President and the GOP-controlled Congress must demonstrate to the American people that they can turn campaign promises into legislation. What gives me confidence they will meet this challenge is the desire of American voters to overturn many of President Barack Obama’s failed policies and resilient Republican leadership at both ends of Pennsylvania Avenue.

Elon Musk Tesla Battery (Kevork Djansezian / Getty)

‘Peak Solar’ Hits California

Despite the U.S. Congress passing the Consolidated Appropriations Act in December 2015 to slather another $9.3 billion of taxpayer credits on new solar power added to the electrical grid, California solar installments peaked in 2015 and are now headed south.

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