Outspoken Tesla chief Elon Musk faces $1 billion trial, test of temperament [Yahoo! Finance News]
Tesla, Inc. (TSLA)
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Source: Yahoo! Finance News
By Tom Hals and Nichola Groom WILMINGTON, Del. Reuters) - Elon Musk is expected to defend a $2.2 billion deal in court next week criticized by shareholders as benefiting Musk at the expense of Tesla Inc, and the outcome may depend as much on the chief executive's temperament as on the facts of the case. The electric vehicle maker's unconventional CEO has shown two sides in recent court proceedings -- one polite and respectful, the other evasive and taunting. It remains to be seen which Musk will show up on Monday at a Delaware court, the nation's leader on corporate issues, when he squares off against union pension funds and asset managers who claim they were misled about the benefits of Tesla buying SolarCity in 2016 for $2.2 billion. Getting it wrong could cost Musk more than $1 billion. “If you seem arrogant in court, you may be signing your own economic death warrant," said John Coffee, a securities professor at Columbia Law School. This may be particularly true in Delaware's Cour
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