Tesla bought SolarCity to “bail out the flailing company,” Walmart.

KEY POINTS

  • When Tesla acquired SolarCity in 2016, Elon Musk was the biggest shareholder in both companies.
  • In a new lawsuit, Walmart claims Tesla bought SolarCity to “bail out the flailing company,” reviving concerns about the deal.
  • Tesla has already been sued by shareholders because of the acquisition, and Musk was slated to be deposed earlier this month.
  • cnb.cx/2zeymHM
421 views