Tesla and SpaceX founder and billionaire Elon Musk said in court that he didn’t like being the boss of Tesla.
I rather hate it, and I’d rather spend my time designing and developing.
Elon Musk
He was summoned to court on charges of pressured Tesla board members to buy SolarCity, founded by his cousins, for $ 2.6 billion.
At the time of the transaction, Musk owned 22% of Tesla and SolarCity: “Since it was a share swap deal, and I owned the same percentage of both companies, I did not receive financial benefits,” Musk said.
He also denied putting pressure on board members, saying the deal is part of a “master plan” to create affordable, clean-powered vehicles.
Tesla shares gradually began to fall in price after the start of the trial.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
