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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.

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Walmart just funded 15 community solar projects across the US

Baua Electric

Photo: Pivot Energy Walmart is investing in 19 solar projects under development across the US, including 15 community solar projects. Walmart’s strategic tax equity investment will drive the construction, operation, and maintenance of solar projects across five states – Illinois, Colorado, Maryland, Delaware, and California.

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Tesla outlines its policy for Solar Panel Removal and Reinstallation

Teslarati

Tesla has released new details that outline its policy for the Removal and Reinstallation of its solar panels on its website. Whether a Tesla Solar owner is having their roof reshingled, their entire home remodeled, or is relocating to a new home in another area, the company has specific processes for each of these scenarios.

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SunPower files for Chapter 11 bankruptcy [update]

Baua Electric

Photo: SunPower Solar developer SunPower filed for Chapter 11 bankruptcy protection in the US, but here’s some good news for its customers. Solar panel manufacturer Maxeon, a spin-off from SunPower, has announced it will provide warranty support in the US for SunPower-branded solar panels that it’s manufactured.

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SunPower files for Chapter 11 bankruptcy

Baua Electric

Photo: SunPower Solar developer SunPower has filed for Chapter 11 bankruptcy protection in the US, and it’s selling parts of its business to Complete Solaria for $45 million in cash. In its bankruptcy filing with the Delaware court late Monday, SunPower reported its assets and liabilities to be between $1 billion and $10 billion.

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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 billion acquisition of solar energy company SolarCity. billion price tag for the SolarCity acquisition. ” Tesla shareholders requested that Musk repay Tesla the $2.6

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UPDATE 1-Musk to discuss $5 billion xAI investment with Tesla board

Baua Electric

The poll came shortly after Tesla said its second-quarter automotive gross margin and profit fell short of Wall Street estimates on Tuesday as the company cut prices and offered incentives to boost sales. billion acquisition of struggling rooftop solar company, SolarCity, founded by Musk and his cousins, amounted to a bailout.

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