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Benzinga
Benzinga
National
Rachit Vats

Elon Musk Said To Have Clinched Victory In SolarCity Takeover Shareholder Lawsuit

Elon Musk SolarCity Lawsuit Tesla Inc. Wall Street Journal

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk has clinched a legal victory over a shareholder lawsuit related to the SolarCity Corp takeover, The Wall Street Journal reported on Wednesday, citing a court ruling.

What Happened: A Delaware court judge ruled the billionaire entrepreneur did not act unlawfully in the electric-vehicle maker’s roughly $2.1 billion takeover of SolarCity in 2016. 

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