Tesla Turns On Its Dell Defense

PCs just got a popularity boost in Silicon Valley. In a recent ruling involving corporate control in major transactions, the Delaware Supreme Court found that Dell founder and CEO Michael Dell was not a controlling shareholder in the company’s $25 billion take-private deal. So what does Dell have to do with Tesla?

Tesla’s $2.6 billion acquisition of SolarCity Corp is facing a shareholder challenge in which Elon Musk’s role and power at Tesla is a central question. Musk owns a 22 percent stake in the company, which Tesla contends does not give him enough power to be characterized as a Tesla controller. Sounds like we’ll need a New Year’s resolution to track this case well into 2018. 

To read the story from Law360, click here.

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