Tesla's Musk pushed for SolarCity deal despite major cash crunch: lawsuit

September 24, 2019 by  
Filed under News

Tesla Inc Chief Executive Elon Musk urged investors to approve the 2016 purchase of SolarCity at a big premium to its market value despite knowing the solar installer faced a cash crunch and publicly stating he had recused himself from involvement in the deal, according to court documents unsealed on Monday.

Source: Reuters Business News

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