Elon Musk defeats long-running $13B shareholder lawsuit over SolarCity acquisition

Not long after his big Twitter buyout, Tesla CEO Elon Musk has pulled out another victory — this time against a group of shareholders who weren’t happy about Tesla Inc.’s acquisition of SolarCity.

Vice Chancellor Joseph Slights of the Delaware Court of Chancery ruled in Musk’s favor on Wednesday in a $13 billion lawsuit brought by shareholders. They accused Musk of coercing Tesla’s board into buying the struggling solar company SolarCity in 2016 for $2.6 billion in stock, essentially orchestrating…


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