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Tesla acquiring SolarCity in $2.6B all-stock deal; expected close of transaction in Q4

Green Car Congress

Tesla and SolarCity reached agreement for the automaker’s purchase of the solar company in an all-stock deal valued at $2.6 billion proposal made by Tesla just over a month ago. SolarCity will operate as a wholly-owned subsidiary of Tesla. is on both Tesla and SolarCity boards. Earlier post.)

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There is “reasonable evidence” Tesla and Musk knew about Autopilot defect: FL Judge

Teslarati

Florida Judge Reid Scott from the Circuit Court for Palm Beach County has ruled that there is “reasonable evidence” that Tesla and CEO Elon Musk had been aware that its vehicles had a defective Autopilot system, but they still allowed the company’s cars to be driven in an unsafe manner anyway.

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Tesla didn’t cure Autopilot next deadly accident, engineers say

Baua Electric

Tesla is also within the cross-hairs of a couple of investigations through the Nationwide Freeway Site visitors Protection Management over imaginable defects in Autopilot connected to a minimum of 17 deaths since June 2021. Tesla’s legal professionals didn’t in an instant reply to demands of remark.

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Tesla’s war against direct sales wages on with big win in Virginia

Teslarati

Tesla’s war with laws that prohibit the direct sale of cars to consumers continues to wage on, but the automaker is making progress across the United States. The Virginia Department of Motor Vehicles has approved Tesla to sell its cars and will open three new locations in the State. Holcomb also granted Tesla this license.

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Elon Musk shares details about the Tesla crash that ramped Autopilot’s first release

Teslarati

Tesla’s Autopilot remains polarizing for many, but there is no doubt that the driver-assist system had saved numerous lives since its introduction back in 2016. Reason we hustled so much to get Autopilot V1 out was that someone driving non-Autopilot Tesla fell asleep, crashed & killed cyclist (Tesla driver was uninjured).

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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.

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Tesla loses top attorney Lynn Miller to autonomous trucking startup

Teslarati

Tesla has lost another one of its top attornies this morning after Lynn Miller, who held the title of Deputy General Counsel Litigation/Regulatory/Privacy Counsel at the company, left for Plus, an autonomous trucking startup. Miller has been with Tesla for 7 years and 4 months, according to her LinkedIn page.

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