In an ongoing lawsuit regarding the infamous purchase of SolarCity in 2016 by electric car manufacturer Tesla Inc. (TSLA), the company's investors have urged the judge to order TSLA CEO Elon Musk to repay $13 billion back to the company. Meanwhile, shares of TSLA closed down 1.8% at $1,030.51 on January 18. Musk Must Repay $13B Since acquiring SolarCity in 2016, TSLA investors have shown their contempt for the deal and called it a “rescue mission” for the failing company, as Musk was one of the top shareholders of SolarCity at the time. Union pension funds and asset managers have alleged that Musk compelled Tesla’s Board to buy the company.
https://www.tipranks.com/news/tsla-investors-demand-musk-repay-13b-for-solarcity-deal?utm_source=advfn.com&utm_medium=referral
Tesla (NASDAQ:TSLA)
Historical Stock Chart
From Apr 2022 to May 2022 Click Here for more Tesla Charts.
Tesla (NASDAQ:TSLA)
Historical Stock Chart
From May 2021 to May 2022 Click Here for more Tesla Charts.