Tesla Investors Urge Elon Musk To Return $ 13 Billion Robbed

thecekodok

 13 billion? Hek eleh kejap je dia bayar.


Tesla Inc. shareholders urged a judge to find a board member of the company that Elon Musk forced in a 2016 deal on SolarCity and ask the millionaire to pay US $ 13 billion.


Shareholders' attorney Lee Rudy urged Vice Chancellor Joseph Slights of the Delaware Chancellery Court to order Musk to return US $ 13 billion worth of Tesla shares at the current price he received.


Claims by union pension funds and asset management have claimed Musk influenced Tesla board members to approve a SolarCity acquisition deal that lacked money at the time and in which Musk was a major shareholder.


According to a statement from Randy Baron, a lawyer to one of the shareholders, this was due to doubts that the SolarCity acquisition case was a bailout from financial hardship orchestrated by Elon Musk.



Earlier, Musk had responded by saying the deal was part of a long -planned master plan to create an integrated company that would transform energy generation and use with SolarCity roof panels and Tesla cars and batteries.


Adds Evan Chesler, one of the lawyers representing Musk said the deal was not a bailout and SolarCity at the time was not close to bankruptcy and its finances matched the growth of technology companies.


Meanwhile, shares of Tesla fell 1% to US $ 1,040 during the session.


For the record, Tesla had acquired SolarCity when the electric carmaker launched the Model 3 and shareholders claimed the deal was a disruption as well as Tesla’s burden on SolarCity’s financial and debt problems.


Shareholders claim that despite owning only 22% of Tesla, Musk has controlled all of its relationships with board members with a dominant style.

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