article thumbnail

Elon Musk’s Tesla-SolarCity deal lawsuit win upheld by Delaware Supreme Court

Teslarati

The Delaware Supreme Court has upheld a lower court’s ruling that Tesla CEO Elon Musk did not push the electric car maker to overpay when it acquired rooftop solar provider SolarCity in 2016. As per the Delaware Supreme Court, however, the presentation of Slights’ ruling could probably have been done better.

Delaware 124
article thumbnail

Tesla’s $2.6 billion SolarCity buyout dominated truthful as dismissal of shareholder swimsuit guarded

Baua Electric

The appeals court docket on Tuesday unfavourable arguments through the traders that SolarCity’s keep worth on June 21, 2016, used to be the one foundation of Slights’s resolution. Stockholders Litigation, 181, 2022, Delaware Best Courtroom (Dover). The case is In Re Tesla Motors Inc. The post Tesla’s $2.6

article thumbnail

Elon Musk makes opening remarks in SolarCity trial, defends Tesla’s $2.6B acquisition

Teslarati

Elon Musk has made his opening remarks in a Wilmington, Delaware, courthouse on Monday morning, defending Tesla’s $2.6 The deal took place in 2016 and gave Tesla full possession of the solar panel maker, a move that some Tesla shareholders were not keen on, as some are alleging the move was a bailout of SolarCity.

Legal 137
article thumbnail

Apache confirms significant new resource play in Texas: 75 Tcf gas, 3B barrels of oil

Green Car Congress

Apache Corporation has confirmed the discovery of a significant new resource play—the “Alpine High”—in the southern portion of the Delaware Basin, primarily in Reeves County, Texas. Capital spending on the Alpine High play in 2016 will represent more than 25% of Apache’s total capital spending program.

Oil 150
article thumbnail

Tesla’s $2.6bn SolarCity acquisition lawsuit ruled in favor of Elon Musk

Teslarati

A lawsuit between Tesla Shareholders and Elon Musk ended on Wednesday with a Delaware court ruling in favor of CEO Elon Musk. Shareholders believed Tesla’s acquisition of SolarCity in 2016 was a bailout of a company owned by two of Musk’s cousins, which was unfair to them.

article thumbnail

Tesla’s Chief Accounting Officer sells over 4,450 shares for nearly $3M

Teslarati

The purpose is to make the public aware of the “insider’s various transactions in company securities, including the amount purchased or sold and the price per share,” the SEC writes. Previously, he was the Vice President and Corporate Controller for SolarCity, the solar panel manufacturer that Tesla absorbed in 2016 for $2.6

India 117
article thumbnail

New high-activity, low-cost nickel-based catalyst for fuel cells exhibits performance similar to Pt; hydroxide exchange membrane fuel cells

Green Car Congress

Researchers at the University of Delaware, with a colleague at the Beijing University of Chemical Technology, have developed a composite catalyst—nickel nanoparticles supported on nitrogen-doped carbon nanotubes—that exhibits hydrogen oxidation activity in alkaline electrolyte similar to platinum-group metals. DE-AC02-05CH11231.

Low Cost 150