Musk under fire again: CEO to testify over Tesla acquisition

The Tesla CEO will have to defend the US$2.5bil deal under oath in a shareholder lawsuit alleging conflicts of interest. — AP

In the runup to Tesla Inc’s 2016 acquisition of a company called SolarCity, Elon Musk hailed the deal as a “no brainer” – a purchase that would combine the leading maker of electric vehicles with a manufacturer of solar panels that can recharge EVs.

It didn’t exactly work out that way.