Elon Musk Wins $13 Billion Tesla Shareholder Lawsuit Over SolarCity Acquisition

Tesla founder Elon Musk leaves a courthouse after testifying in a court case in Wilmington, Delaware, on July 12, 2021. Michael A. McCoy/Getty Images

A Delaware judge on Wednesday sided with Tesla CEO Elon Musk in a lawsuit brought by the electric vehicle maker’s shareholders that accused him of coercing the company’s board into buying SolarCity.

Tesla acquired California-headquartered SolarCity for $2.6 billion in 2016 in a stock-for-stock merger.