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Judge Refuses to Dismiss a Shareholder Class-Action Suit Against Elon Musk and Tesla's Board

Business Insider

Tesla shareholders scored a small victory in their lawsuit against CEO Elon Musk and Tesla's board on Wednesday.

  • A judge refused to dismiss a lawsuit stemming from the electric-car maker's 2016 acquisition of the energy company, SolarCity, allowing the case to move forward.
  • Shareholders in the class-action claim are accusing Musk and the board of failing to act in their best interest in connection with the $2.6 billion SolarCity deal.
Mentions: Tesla acquisition lawsuit