1. Tesla CEO Elon Musk Answers SolarCity Investors Who Say He Was a ‘Conflicted’ Fiduciary

    Tesla CEO Elon Musk Answers SolarCity Investors Who Say He Was a ‘Conflicted’ Fiduciary

    Tesla 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 he was questioned under oath by lawyers for pension and investment funds that claim he duped investors into backing the buyout of the solar-energy company that was founded by his cousins and where he was the chairman and largest shareholder...

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    1. I could not be recused from all discussions.
    2. If [banks] think you're running low—dangerously low on cash, then they don't want to give you cash.
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