Elon Musk is defending Tesla's acquisition of SolarCity against angry shareholders. This is the story of how it was transformed into Tesla Energy.

Jul 17, 2021 - Business Insider
Mergers and Acquisitions

Five years ago Tesla bought SolarCity, the biggest installer of residential solar panels in the US. Tesla CEO Elon is now having to defend that decision against shareholders, who claim the acquisition amounted to a bailout.

If Musk loses, he'll be liable to pay up to $2.6 billion back to Tesla. Although this would make up only a fraction of Musk's fortune - at time of writing his net worth stands at $179 billion p...