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"I Think I'm Funny": Top Quotes From Elon Musk's Testimony In SolarCity Trial

"I Think I'm Funny": Top Quotes From Elon Musk's Testimony In SolarCity Trial

NDTV
Wednesday, July 14, 2021 8:18 AM GMT

Elon Musk "rather hates" being the CEO of Tesla and other quotes from the billionaire's testimony.

Tesla CEO Elon Musk testified in court Monday in a shareholder lawsuit over the electric carmaker's controversial acquisition of SolarCity in 2016. A group of Tesla shareholders contends that Mr Musk, who was chairman of both Tesla and SolarCity at the time of the transaction, "poisoned" Tesla's ability to fairly evaluate the purchase, wasting corporate assets in the $2.6 billion deal and harming shareholders. According to news agency AFP, the group of investors, which includes union pension funds and other institutional investors, argues that SolarCity was a failing enterprise that faced "likely bankruptcy" were it not for the actions of Elon Musk and other Tesla board members, who also had large equity stakes in SolarCity. As he testified in a Delaware courtroom on Monday, Mr Musk maintained that he did not have any sway over the board's decision when it approved the deal. He wrapped up his testimony before the Delaware Court of Chancery on Tuesday afternoon, spending almost nine hours defending Tesla's acquisition of SolarCity, reports CNBC. Here's a look at some of his best quotes from the testimony: Elon Musk "rather hates" being the CEO of Tesla
Read full story on NDTV
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