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Opponent Elon Musk defended Solla’s acquisition of SolarCity and became a lawyer for its shareholders in court on a contract, the first day of the trial that could land him a huge fine if he loses.
A group of Tesla shareholders, including pensioners, says Musk is the creator $ 2.6bn earning in 2016 to bring out another major project that lacked funding.
SolarCity, which puts solar panels on the roof, was founded in 2006 by Musk and his two siblings. Although Musk was interested in voting for Tesla was only 22%, his co-defendants said his personal case allowed him to control his party and push the directors they are making a deal.
Carrying a black suit and white shirt and a sturdy black tie, Musk said SolarCity is Products was a natural integration that he had contemplated for many years, in order to achieve what he called the “sustainable economy”.
Since the agreement was linked to a warehouse and owned similar companies, Musk said it “has no value in any way”.
Musk also said he had no say in negotiating the deal, and that he did not think it would be possible for him to control Tesla, given the power by its various affiliates. “Loyalty, T Rowe [Price] and Capital Group would not care what I said, ”he said.
Many Tesla executives approved the acquisition of SolarCity, and Musk made no secret of it ridicule on controversial magic cases. Some leaders dismissed the case for $ 60m, but decided to go to war. The trial was set to begin in March last year but was delayed by the epidemic.
Standing in a Delaware court on Monday, Musk reprimanded a lawyer for questioning, a well-known Randall Baron lawyer for Robbins Geller Rudman & Dowd, saying: “I think you’re a bad person.”
Musk added that he had “great respect for the court but not for you”.
When questioned, Musk said Baron’s insults stem from a lawsuit filed against the company’s former client, Milberg Weiss, in which several of his colleagues agreed to pay. difficult to receive shares in order to co-operate with rival companies. Musk said Baron was “advised by terrorists”.
If a court rules that Musk should control Tesla and the SolarCity agreement was not a co-sponsor, he could pay the debt that Tesla allegedly paid.
Baron had questioned forcing Musk to admit that he was the only group in the company, not under the control of the group. Baron showed off a clip of Musk’s various interviews, including a television show 60 minutes and in the news media, I point out that Tesla board members are often linked to SolarCity or SpaceX, the relaunch of Musk.
Musk did not give a brief response, apparently annoying Baron but giving them an interest in driving Tesla. Musk said 2017 to 2019, when Tesla struggled to get rid of the Model 3 electric car, “was the most difficult three years of my life”.
He also said that he prefers to be an engineer instead of a manager. “Honestly, I don’t want to be the boss of everything,” Musk said, but he has to be Tesla’s boss “or the company dies”.
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