Monday & igrave; Elon Musk, CEO of Tesla and SpaceX, & egrave; was heard by the court of Wilmington, Delaware, regarding the acquisition of SolarCity . The company, active in the field of solar energy, is was acquired by Tesla in 2016 through a $ 2.6 billion deal that, according to the indictment, saw Musk force his hand on board members, unsure of the deal.
During the hearing, The Wall Street Journal explains that Musk said:
& quot; I hate him [being the CEO of Tesla] and I would much rather spend my time on activities; of design and engineering & quot ;.
At the same time Reuters quoted another phrase said on that occasion, namely that for Musk:
< p> & quot; & egrave; very difficult not to be the CEO, I have to do it otherwise Tesla would be doomed to die & quot ;.
However, it is necessary to understand the context in which the two sentences were said and why, perhaps, Musk wanted to give the idea of having a great sense of responsibility; towards the company he founded. In the case linked to SolarCity, created by two of its mother-side cousins, Lyndon and Peter Rive, some pension funds and wealth management firms that hold shares in Tesla accuse Musk of having bought SolarCity to avoid bankruptcy, without informing the interested parties of the economic condition in which they found themselves. The request is; that of return the chord digit , putting it back in the crates of the electric car manufacturer.
Musk & egrave; was heard for six hours on the affair , claimed that he had not benefited from the sale, that he did not know about SolarCity's financial problems and the idea was to combine Tesla's interests in the field of batteries with the # 39; clean energy that it would be possible to produce with the business founded by the two cousins.
We don't know how it will go; to finish, obviously, but the one at the beginning of the week is; it was only the first act since the hearings will continue in these days and will involve, among others, some former members of the board of directors. Meanwhile Musk has stated that he is getting rid of all his properties of him; and & egrave; A video of the small prefab in which he lives near the SpaceX headquarters popped up online.
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