Elon Musk's expected defense of a $2.2 billion deal in court was postponed ...
WILMINGTON, Del. - Elon Musk’s expected defense of a $2.2 billion deal in court was postponed on Friday from its expected Monday start, due to the coronavirus outbreak.The case relates to Tesla’s purchase of SolarCity in 2016, a deal that was criticized by shareholders as benefiting Musk at the expense of Tesla Inc, and the outcome may depend as much on the chief executive’s temperament as on the facts of the case.
This may be particularly true in Delaware’s Court of Chancery, with roots in medieval England and known for its decorum.Smashing corporate norms has come to define Musk, who has a cult-like following for his ambitious vision, battles with short-sellers and disdain for “boring bonehead questions” from analysts.
FILE PHOTO: SpaceX owner and Tesla CEO Elon Musk arrives on the red carpet for the automobile awards"Das Goldene Lenkrad" given by a German newspaper in Berlin, Germany, November 12, 2019. REUTERS/Hannibal Hanschke/File Photo He went on tangents about Tesla’s solar potential, lamented both the decline of U.S. manufacturing and the large size of the legal industry and asked Baron if he was only motivated by money. Baron declined to comment.
The strategy appeared to pay off when a jury ruled in Musk’s favor and rejected the $190 million claim against him.The court has its own cult-like following for its scholarly opinions that often run more than 100 pages and which have shaped Corporate America. FILE PHOTO: A combination picture shows SpaceX owner and Tesla CEO Elon Musk speaking during a conversation with legendary game designer Todd Howard at the E3 gaming convention in Los Angeles, California, U.S., June 13, 2019. REUTERS/Mike Blake/File Photo
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Outspoken Tesla chief Elon Musk faces $1 billion trial, test of temperamentElon Musk is expected to defend a $2.2 billion deal in court next week criticize...
Consulte Mais informação »
Twitter’s Most-Liked Tweet Of The Week: Elon Musk Calls Coronavirus Panic ‘Dumb’Twitter's most-liked tweet of the week is Elon Musk's dismissive March 6 Tweet claiming the “coronavirus panic is dumb” by lisettevoytko
Consulte Mais informação »
Elon Musk once said starting an electric car company is 'idiocy squared' — now Tesla just hit 1 million carsStarting electric car company Tesla was 'idiocy squared,' according to Elon Musk. That didn't stop Musk, and late Monday, the CEO announced via Twitter that Tesla had produced 1 million vehicles. The journey is indicative of how Musk says he works.
Consulte Mais informação »
BTW Elon, That’s a Pic of the MoonThat’s what happens when your mind works as quickly and nimbly as a space car racing to a faraway planet — sometimes you just hit the wrong one
Consulte Mais informação »
Tesla shareholder trial delayed by judge due to coronavirus concernsThe judge for the Tesla shareholder trial said on Friday that the case will be delayed until 'concerns regarding COVID-19 have abated.'
Consulte Mais informação »
Outspoken Tesla chief Elon Musk faces $1 billion trial, test of temperamentElon Musk is expected to defend a $2.2 billion deal in court next week criticize...
Consulte Mais informação »