Musk arriving to court in Delaware this week Image: Saquan Stimpson Musk arriving to court in Delaware this week Image: Saquan Stimpson WHETHER YOU BELIEVE the hype or not, Tesla is an important company.
So when a group of Tesla shareholders sue its chief executive alleging that he breached his duties as a controlling shareholder in Tesla by allegedly ramming through a deal to buy one of his other, less successful companies, it’s important stuff. Its business model allowed customers to rent normally pricey solar panels for a certain amount of time with no money down for installation.
Walmart accused SolarCity of having”an ill-considered business model that required it to install solar panel systems haphazardly and as quickly as possible in order to turn a profit”.Its biggest PR disaster started in 2016 when the company tried to launch a new product, solar roofing shingles, a more aesthetically pleasing alternative to clunky panels.
He maintains that “the SolarCity acquisition was critical to Tesla’s success as a fully integrated clean-energy company”.