Independent TV
Showing now | News
03:52:34
Watch in full: Elon Musk testifies over Tesla’s SolarCity deal
Elon Musk faces scrutiny on Monday, as the long-delayed trial over Tesla’s controversial $2 billion acquisition of SolarCity begins.
Those leading the suit allege that Musk and Tesla’s board breached fiduciary duties when they bailed out SolarCity, an installer of rooftop solar panels, in 2016.
Musk, the world’s second-richest person, is the lone defendant in the case. The rest of the board settled for $60 million last year.
If Musk loses the trial, he could be ordered to pay back roughly $2 billion that Tesla paid for SolarCity.
Up next
01:51
Gérard Mestrallet on the challenges of bringing infrastructure to the region of AlUla
02:07
Sir George Iacobescu, chairman of the Canary Wharf Group on the investment into the historic region of AlUla
02:00
Oliver Ripley of sustainable hotel group Habitas talks about how AlUla challenged his preconceptions of Saudi Arabia
02:09