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Elon Musk wins $13B suit over Solar City deal Tesla shareholders called a ‘bailout’

A Delaware judge has sided with Elon Musk in a hefty lawsuit brought by Tesla shareholders, which accused the executive of coercing the electric vehicle company’s board into buying SolarCity back in 2016. Seeking as much as $13 billion in damages, the shareholders alleged that Tesla’s $2.6 billion, all-stock SolarCity deal amounted to “a rescue from financial distress, a bailout, orchestrated by Elon Musk,” per a January statement from the plaintiff’s attorney, Randy Baron.

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