No. 181, 2022 (Del. 2023),
Supreme Court of Delaware,
decided June 6, 2023
At issue in this case is the 2016 acquisition
of SolarCity Corporation by Tesla,
Inc. Tesla’s stockholders claimed
that Elon Musk caused Tesla to overpay for the
acquisition. The Court affirmed the trial
court’s decision that the acquisition price
was fair. It rejected the appellant’s
assertion that the trial court relied exclusively
on market price in its valuation of SolarCity.
Note: Full-text of this case can be accessed by clicking
on the name of the case.
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