Source: Law 360

SolarCity: SolarCity Exec Denies Insolvency Drove $2.6B Tesla Deal

A former SolarCity Corp. chief financial officer challenged Tesla Inc. stockholder claims Thursday that the company was insolvent in the runup to an allegedly unfair $2.6 billion Tesla bailout in 2016, arguing during a trial in Delaware Chancery Court that its liquidity woes were overblown.

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Est. Annual Revenue
$500M-1.0B
Est. Employees
10-50K
Elon Musk's photo - Co-Founder & CEO of SolarCity

Co-Founder & CEO

Elon Musk

CEO Approval Rating

60/100

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