Remove Companies Remove Delaware Remove News Remove Price
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. billion deal.

Delaware 138
article thumbnail

Twitter files suit against Elon Musk in Delaware court to enforce buyout deal

Teslarati

On Tuesday, July 12, Twitter officially filed a lawsuit against Elon Musk in the Delaware Court of Chancery. The company aims to force Musk to finalize his $44 billion deal. ” Twitter has filed a lawsuit in the Delaware Court of Chancery to hold Elon Musk accountable to his contractual obligations.

article thumbnail

Tesla price targets drop for varying reasons, but some feel like a reach

Teslarati

Tesla ( NASDAQ: TSLA ) price targets were dropped by several firms due to varying reasons, but some feel like a reach. As of February 6, shares are down over 25 percent, and the slide truly started to get intense after the company’s Q4 Earnings Call. Potter trimmed his price target to $225 from $295. This is one of them.

Price 107
article thumbnail

Nikola turns to Delaware legislation to backup finance hydrogen pivot

Baua Electric

It will additionally borrow towards its structures and alternative property to boost price range. “They need a lot of money to be able to get into production of this kind of new technology.” The post Nikola turns to Delaware legislation to backup finance hydrogen pivot appeared first on Bauaelectric Auto News.

article thumbnail

Elon Musk’s Tesla pay package gets voided, Judge rules in favor of shareholder

Teslarati

Elon Musk’s Tesla pay package has been voided by a Delaware Judge after the case was ruled in favor of the plaintiff, a shareholder who challenged the validity of the amount of the payday. Judge Kathaleen McCormick ruled in the Delaware Court of Chancery that Musk’s pay package did not meet the standard of a fair price.

article thumbnail

Tesla stock sentiment ‘overdone’ as 2.1m delivery target takes focus: Wedbush

Teslarati

The final three quarters of the year will have to prove to be an entirely different story than Q1 because the company is “tracking softly towards the ~430k level,” Ives writes in his note. In the United States, most of the company’s focus has been on the launch of the new Model 3 and the Cybertruck.

Tesla 120
article thumbnail

Twitter refuses Elon Musk’s renewed $44B bid

Teslarati

Twitter is refusing to accept Elon Musk’s renewed bid of $44 billion for the social media company, according to a report from The Associated Press citing Elon Musk’s attorneys. This news comes after reports of Elon Musk’s asking the Delaware court to halt the upcoming trial. Teslarati is now on TikTok.