Musk trial asks the $2 billion question: Who controls Tesla?

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Musk trial asks the $2 billion question: Who controls Tesla?

Reuters2021-07-09

(Reuters) - Does Elon Musk control Tesla Inc or does Tesla control Elon Musk? More than $2 billion hinges on that question as a trial kicks off on Monday. Shareholders allege that Musk used his ...

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a3sp3c7
·2021-07-11
[財迷]
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JTEnver
·2021-07-10
It's not us, that's for sure
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Adzimovic
·2021-07-10
Like and reply
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1
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- JTEnver:
  Here you go, my guy
  2021-07-10
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STKG
·2021-07-10
Interesting question. With Steve Apple still growing. How about Tesla???
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3
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JCai
·2021-07-10
Like pls
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3
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- JeremyKok:
  hi. please like and comment back. thank you.
  2021-07-10
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replaygoh
·2021-07-10
u of coz
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1
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JCSnap
·2021-07-10
Wow
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1
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aplastikbag
·2021-07-10
history repeating itself...just like steve jobs.
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DragonAt
·2021-07-09
Looks like the company’s board of directors is trying to get musk out of the picture like other big tech companies before
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Dreamchaser9
·2021-07-09
Ok
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2
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gro
·2021-07-09
so is the body controlling the brain or the brain controlling the body?
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6
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- STKG:
  no brain no body
  2021-07-10
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- Phyusin:
  Haa haa[Happy]
  2021-07-10
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CIG
·2021-07-09
Tesla is Musk.
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燃烧吧我的小宇宙
·2021-07-09
Good
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meowr
·2021-07-09
Interesting question. Looking fwd to the trial
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chewstocks
·2021-07-09
Great
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玉树临风英俊
·2021-07-09
Wow wow
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股惑仔79
·2021-07-09
And then? What’s the big hoo haa?
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5
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- 股惑仔79:
  Ok
  2021-07-11
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- WZY999:
  Dont know
  2021-07-11
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CKWong0572
·2021-07-09
We are the 1 lah...
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glorify
·2021-07-09
Control by the master of coins. I would think so.
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打你啊
·2021-07-09
Damn.
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Shareholders allege that Musk used his ...</p>\n\n<a href=\"https://finance.yahoo.com/news/musk-trial-asks-2-billion-101450618.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://finance.yahoo.com/news/musk-trial-asks-2-billion-101450618.html","article_id":"2150371690","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2150371690","pubTimestamp":1625829290,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"(Reuters) - Does Elon Musk control Tesla Inc or does Tesla control Elon Musk?\nMore than $2 billion h","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"马斯克审判提出了20亿美元的问题：谁控制特斯拉？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"(Reuters) - Does Elon Musk control Tesla Inc or does Tesla control Elon Musk?\nMore than $2 billion hinges on that question as a trial kicks off on Monday. 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If they win, it would be one of the largest judgments against an individual.\nThe two-week trial in the Court of Chancery in Wilmington, Delaware, will boil down to whether Musk, who owned about 22% of Tesla at the time of the deal, is that rare controlling stockholder who does not hold a majority stake.\n\"I think it's going to be very hard for the court to ignore the reality that Elon Musk is Elon Musk and his relationship with Tesla,\" said Ann Lipton, a professor at Tulane University Law School.\nShe said the case might present an unusual situation given Musk's celebrity status, his personal ties to Tesla board members and those board members' financial ties to SolarCity.\n\"Put it all together, and it might be enough to count as a controlling shareholder,\" she said.\nFew executives dominate their company's image as much Musk, known for taunting regulators, battling naysayers and personally engaging with his 57 million Twitter followers.\n\"We are highly dependent on the services of Elon Musk, Technoking of Tesla and our Chief Executive Officer,\" said Tesla's 2020 annual report.\nPlaintiffs allege that Musk drove the negotiations and even pushed Tesla's board to raise, not lower, the price for SolarCity.\nA higher price benefited Musk, who was the largest shareholder of SolarCity, with a stake of about 22%, as well as four members of Tesla's board, who directly or indirectly owned SolarCity stock, according to court records.\nBoard members settled allegations against them last year for $60 million and did not admit to any fault.\nPlaintiffs also allege the deal benefited two of Musk's cousins who founded SolarCity, saving a company that was rapidly running low on cash.\nMusk has said he was \"fully recused\" from board negotiations and that shareholders voted to approve the deal because it was central to his \"Master Plan, Part Deux\" that aims to integrate sustainable solar energy with electric self-driving cars.\nHe has said that what plaintiffs see as evidence of control is little more than strong management.\n\"Taken to its natural conclusion, virtually all 'hands-on' and 'inspirational' CEOs with minority stock ownership would be deemed controllers,\" Musk's lawyers wrote in a court filing.\nIf Vice Chancellor Joseph Slights determines Musk was a controlling shareholder, it will fall to Musk to prove the SolarCity deal met the high bar of the \"entire fairness\" standard, which examines process and price, said legal experts.\nMusk has noted in court papers that the SolarCity deal has been a huge success for Tesla shareholders, demonstrating the deal was not only fair, but a boon. 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With Steve Apple still growing. How about Tesla???","listText":"Interesting question. With Steve Apple still growing. How about Tesla???","text":"Interesting question. With Steve Apple still growing. How about Tesla???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/141239424","repostId":2150371690,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":141656893,"gmtCreate":1625871038912,"gmtModify":1703750054985,"author":{"id":"3574897713454581","authorId":"3574897713454581","name":"JCai","avatar":"https://static.tigerbbs.com/a4408059854d4abfa5d3e8513d447a16","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3574897713454581","idStr":"3574897713454581"},"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/141656893","repostId":2150371690,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5177210,"gmtCreate":1625876347934,"gmtModify":1663230778746,"authorId":3567307840510045,"author":{"id":3567307840510045,"idStr":"3567307840510045","authorId":3567307840510045,"name":"JeremyKok","avatar":"https://static.tigerbbs.com/01b03a485f83b6b2615fad8ac9b87bf4","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1102},"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":141656893,"type":1,"supId":0,"prevId":0,"content":"hi. please like and comment back. thank you.","text":"hi. please like and comment back. thank you.","html":"hi. please like and comment back. thank you."}],"langContent":"EN"},{"id":141629644,"gmtCreate":1625869313388,"gmtModify":1703750035275,"author":{"id":"3582963095283492","authorId":"3582963095283492","name":"replaygoh","avatar":"https://static.tigerbbs.com/d47b21291424a3d55039334a8de5cdb9","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3582963095283492","idStr":"3582963095283492"},"htmlText":"u of coz","listText":"u of coz","text":"u of coz","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/141629644","repostId":2150371690,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":141688335,"gmtCreate":1625867236327,"gmtModify":1703750012680,"author":{"id":"3581034479181431","authorId":"3581034479181431","name":"JCSnap","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3581034479181431","idStr":"3581034479181431"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/141688335","repostId":2150371690,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":141693185,"gmtCreate":1625855036047,"gmtModify":1703749967804,"author":{"id":"3581676233465787","authorId":"3581676233465787","name":"aplastikbag","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3581676233465787","idStr":"3581676233465787"},"htmlText":"history repeating itself...just like steve jobs.","listText":"history repeating itself...just like steve jobs.","text":"history repeating itself...just like steve jobs.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/141693185","repostId":2150371690,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":141150160,"gmtCreate":1625842989350,"gmtModify":1703749767259,"author":{"id":"3583283585706156","authorId":"3583283585706156","name":"DragonAt","avatar":"https://static.tigerbbs.com/30a8a190abacac6c45b8f65712a88c0e","vip":1,"crmLevel":1,"crmLevelSwitch":1,"authorIdStr":"3583283585706156","idStr":"3583283585706156"},"htmlText":"Looks like the company’s&nbsp;board of directors&nbsp;is trying to get musk out of the picture like other big tech companies before","listText":"Looks like the company’s&nbsp;board of directors&nbsp;is trying to get musk out of the picture like other big tech companies before","text":"Looks like the company’s board of directors is trying to get musk out of the picture like other big tech companies 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is the body controlling the brain or the brain controlling the body?","listText":"so is the body controlling the brain or the brain controlling the body?","text":"so is the body controlling the brain or the brain controlling the body?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/141120750","repostId":2150371690,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5176737,"gmtCreate":1625873875287,"gmtModify":1663230777752,"authorId":3586131488444401,"author":{"id":3586131488444401,"idStr":"3586131488444401","authorId":3586131488444401,"name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":141120750,"type":1,"supId":0,"prevId":0,"content":"no brain no <u>body</u>","text":"no brain no 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