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Musk tells court he dislikes being Tesla CEO as SolarCity trial opens

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Reuters

By Tom Hals and Sierra Jackson WILMINGTON, Del. (Reuters) – Elon Musk insisted in court on Monday he does not control Tesla Inc and said he did not enjoy being the electric vehicle company’s chief executive as he took the stand to defend the company’s 2016 acquisition of SolarCity. The lawsuit by union pension funds and asset managers alleges the celebrity CEO strong-armed Tesla’s board into wasting the company’s assets to buy SolarCity, which was running out of cash. Musk at the time owned a 22% stake in both Tesla and SolarCity, which was founded by his cousins. Musk said in his testimony Mo…

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