SolarCity News

All Tesla Directors But Musk Settle Investors’ SolarCity Suits

All Tesla Inc. directors except Chief Executive Officer Elon Musk agreed to a $60 million settlement to resolve shareholder lawsuits over the company’s purchase of SolarCity, according to court filings. Insurers covering Tesla’s directors and executives will foot the bill …

Musk Deposed in Class-Action Lawsuit Over Tesla SolarCity Merger

Tesla Inc. Chief Executive Officer Elon Musk said he was involved in some discussions about the $2.6 billion acquisition of SolarCity in 2016, though he recused himself from a board vote approving the initial offer. Musk made the disclosure when …

Amazon Joins Walmart in Blaming Tesla Solar Panels for Fires

Walmart Inc. isn’t the only corporation that has seen its Tesla Inc. solar panels catch fire. On Friday, Amazon.com Inc. said a June 2018 blaze on the roof of one of its warehouses in Redlands, California, involved a solar system …

Walmart’s Fire Suit May ‘Spook’ Solar Customers Tesla Wants

Walmart Inc.’s lawsuit against Tesla Inc. over fires at more than a half-dozen stores threatens to undermine the automaker’s latest bid to reboot its struggling solar unit. In the complaint Tuesday, the retailer said it had leased or licensed roof …

Walmart Sues Tesla Over Fires Linked to Rooftop Solar Panel Systems

Walmart Inc. sued Tesla Inc., claiming it failed to live up to industry standards in the installation of solar panels on top of hundreds of stores, resulting in multiple fires across the U.S. The retailer said it had leased or …