Tesla shareholders want Elon Musk to pay back $2.6 BILLION carmaker spent on SolarCity ...News

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Tesla shareholders want Elon Musk to pay back $2.6 BILLION carmaker spent on SolarCity
Elon Musk is expected in court on Monday to testify about Tesla’s 2016 acquisition of another company he co-founded with his family, solar panel producer SolarCity. Tesla’s shareholders have filed a legal complaint, accusing Musk of profiting from a deal under which the electric carmaker paid $2.6 billion for the struggling firm. The shareholders contend that the deal amounted to a bailout for SolarCity, which was nearly bankrupt at the time, and financially benefited Musk and his family much more than it did Tesla. Back in 2016 Musk owned a 22% stake in SolarCity, which was founded by his cousins. He was also SolarCity’s chairman of t

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