• Elon Musk is defending Tesla's acquisition of SolarCity against angry shareholders. This is the story of how it was transformed into Tesla Energy

    9 days ago - By Business Insider

    Tesla CEO Elon Musk.
    Christophe Gateau: picture alliance via Getty Images
    Elon Musk is defending Tesla's 2016 acquisition of SolarCity in court.
    SolarCity was founded by Musk's cousins, and some shareholders say the acquisition was a bailout.
    Once the top installer of solar panels in the US, SolarCity was turned into Tesla Energy.
    See more stories on Insider's business page .
    Five years ago Tesla bought SolarCity, the biggest installer of residential solar panels in the US. Tesla CEO Elon is now having to defend that decision against shareholders, who claim the acquisition amounted to a...
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