Tesla Investors Urge Judge to Order Musk Repay $13 Billion for SolarCity Deal

Tesla Investors Urge Judge to Order Musk Repay $13 Billion for SolarCity Deal
SpaceX owner and Tesla CEO Elon Musk at the E3 gaming convention in Los Angeles, Calif. on June 13, 2019. Mike Blake/Reuters
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WILMINGTON, Del—Tesla Inc shareholders urged a judge on Tuesday to find Elon Musk coerced the company’s board into a 2016 deal for SolarCity and asked that the chief executive be ordered to pay the electric vehicle company one of the largest judgments ever of $13 billion.

“This case has always been about whether the acquisition of SolarCity was a rescue from financial distress, a bailout, orchestrated by Elon Musk,” Randy Baron, an attorney for shareholders, told the Zoom hearing.