Elon Musk set to testify over Tesla purchase of SolarCity
Al Jazeera
On Monday, Elon Musk will take the stand to defend Tesla’s $2.5bn acquisition of SolarCity in 2016 against a shareholder lawsuit alleging the deal was rife with conflicts of interest.
In the run-up to Tesla Inc.’s 2016 acquisition of a company called SolarCity, Elon Musk hailed the deal as a “no-brainer” – a purchase that would combine the leading maker of electric vehicles with a manufacturer of solar panels that can recharge EVs. It did not exactly work out that way. On Monday in the Delaware Court of Chancery, the Tesla CEO will testify about the $2.5bn deal in a shareholder lawsuit that alleges that Tesla’s acquisition was rife with conflicts of interest, overlooked SolarCity’s fundamental weaknesses and unsurprisingly failed to produce the profits Musk had promised.
UN health agency says its decision is ‘based on the rising number and continuing geographic spread of cases.’
In a new interview, the scandal-plagued Gaetz reaffirmed his commitment to being a member of Trump’s ‘America First army’.
Legislators greenlight reforms giving more authority to Daniel Ortega and Rosario Murillo, accused of stifling dissent.
Pep Guardiola leads Man City out for the first time since signing a two-year extension when Tottenham visit on Saturday.
Five healthcare workers killed in Israeli strikes in southern Lebanon, Ministry of Public Health says.
Vulnerable nations are seeking $1.3 trillion annually to deal with the damage caused by climate change and to adapt.
The city’s southern suburbs have been hit repeatedly in recent months
New York judge cancels a sentencing hearing previously scheduled for November 26 without setting a new date.
Many Haitian children face the stark choice of joining a gang or suffering from violence, poverty and hunger engulfing them.
Tapped to lead the Justice Department, Bondi is a former Florida attorney general and longtime Trump supporter.
The arrest warrants against Netanyahu and Gallant could lead to countries rethinking arms deals with Israel, experts say