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 135
article thumbnail

Elon Musk sued in another ridiculous lawsuit from Tesla shareholder

Teslarati

It then states that Musk sold the shares at pumped prices and used the proceeds to purchase X, the social media platform that was once called Twitter. million, based on the stock price at the time of writing. ERSRI filed the suit on Tuesday in the Delaware Chancery Court. Tesla is incorporated as a company in Delaware.

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 shareholder sues Elon Musk accusing him of insider trading

Teslarati

. “Musk exploited his position at Tesla, and he breached his fiduciary duties to Tesla,” a lawsuit from shareholder Michael Perry, which was filed in the Delaware Chancery Court last week, said. Musk sold Tesla shares in late 2022 after stating demand for the company’s EVs was “excellent.”

Delaware 122
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 106
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

Tesla shareholder vote gets complicated with proxy firm uses odd arguments for Musk’s payday

Teslarati

.” The firm also said moving the company to Texas would not be ideal as it would present Tesla investors with “uncertain benefits and additional risk.” But earlier this year , Delaware Judge Kathaleen McCormick ruled against Musk in a suit that was brought on by a small-time shareholder. percent stake in the company.

Tesla 120