Tag: solarcity
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Elon Musk SolarCity trial: Lawyer loses his lunch, Kimbal takes the stand
Elon Musk’s trial regarding Tesla’s 2018 acquisition of SolarCity in Wilmington, Delaware, took an interesting turn today. One attorney vomited in the jury box, and Musk’s brother Kimbal took the stand for questioning on Wednesday. The trial was brought to a temporary halt for two hours as one attorney, who was seated in the jury…
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Elon Musk makes opening remarks in SolarCity trial, defends Tesla’s $2.6B acquisition
Elon Musk has made his opening remarks in a Wilmington, Delaware, courthouse on Monday morning, defending Tesla’s $2.6 billion acquisition of solar energy company SolarCity. The deal took place in 2016 and gave Tesla full possession of the solar panel maker, a move that some Tesla shareholders were not keen on, as some are alleging…
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Tesla responds to Amazon fire report, says remaining solar installations are optimal
On the heels of Walmart’s recent lawsuit against Tesla Energy laying claim to 7 fires allegedly caused by Tesla’s solar panel installations, Amazon has now claimed that it also experienced a fire in June 2018 with the same company as culprit. The online retailer has also indicated that it has taken steps to mitigate future…
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Walmart and Tesla are going to try and work things out
Walmart came out moving earlier this week in a lawsuit that accused Tesla of violation of contract along with gross negligence over issues with rooftop solar panel programs installed in the giant’s stores. Just days after, the lawsuit was put on hold while the two companies try to reach an agreement that will maintain the…
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Walmart sues Tesla for negligence after multiple solar panel fires
Walmart is suing Tesla for violation of contract and gross negligence after rooftop solar panel systems on seven of their merchant ’s stores supposedly caught fire, according to a filing. Walmart reported the litigation, which was filed Tuesday in New York state court, arose out of years of gross neglect and failure to live up…
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Tesla pitches a solar rental program to boost its renewable energy business
Tesla is pitching customers on a brand new rental offering for solar energy as a way to revive the flagging fortunes of its renewable energy business. After among the largest builders of renewables from the country during SolarCity, Tesla has now seen its share of this industry decrease considerably since its purchase of SolarCity three…
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Tesla completing ‘small acquisition’ which will help launch its insurance product
Tesla CEO Elon Musk claims that the business is in the process of completing a “little purchase ” to allow it to release its insurance product, something it said in April it was just around “per month” from bringing to advertise . One month is at least two weeks when interpreted from Musk-time into rest-of-us…