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That deal was incredibly sketchy. His cousin was the CEO, right?
by worker767424 6y ago
That deal was incredibly sketchy. His cousin was the CEO, right?
- xkjkls 6y agoYes, an Elon and his brother owned debt in SolarCity both personally and through other business ventures (SpaceX owned $100 mn in SolarCity debt at the time).
- camjohnson26 6y agoCourt filings that have been released show that SolarCity was approaching bankruptcy, and that Musk faked the solar roof presentation to sell the deal to Tesla shareholders. The homes shown at the event were non functional.