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TESLA MOTORS INC  Form

TESLA MOTORS INC Form

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how can a corporation's minority shareholder be considered a controlling shareholder a Delaware Chancellor considered that question in in-ray Tesla Motors stockholder litigation Tesla Motors builds and sells electric vehicles and energy storage devices Elon Musk invested early on and became chair of Tesla's board in 2004. three years later musk forced out founder and CEO Martin Eberhard and became CEO himself by 2016 Elon Musk was Tesla's largest shareholder with about 22 percent of Tesla stock musk was also Tesla's Chief product architect playing a key role in designing all Tesla's products Tesla's Securities and Exchange Commission filings admitted that musk wasn't an independent director musk was also a co-founder and the largest shareholder in Solar City Corporation a solar energy system lessor and installer musk owned nearly 22 percent of Solar City and was chairman of its board a majority of Tesla board members owned SolarCi

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