The judge for the Tesla shareholder trial said on Friday that the case will be delayed until 'concerns regarding COVID-19 have abated.'
The case will be delayed until "concerns regarding COVID-19 have abated," the judge in the case said on Friday.
The judge told the parties that he expects more than 100 people at the trial and the governor of Delaware has advised against gatherings of that size.Elon Musk, Chairman of SolarCity and CEO of Tesla Motors, speaks at SolarCity's Inside Energy Summit in Manhattan.shareholders against the electric carmaker said the trial is being delayed because of concerns surrounding the spread of the coronavirus. It was scheduled to begin next week.
"I make this decision out of an abundance of caution, not based on any information that the Court's Standing Order has been invoked by any party or by the Court," Vice Chancellor Joseph Slights of the Delaware Court of Chancery wrote on Friday. "Please know that this was not an easy decision to reach, given the time and resources I know you have dedicated to prepare for this trial, and the last minute nature of this decision.
Tesla investors say that even though Musk claims he recused himself when necessary, he was never really divorced from the deal-making process and orchestrated what amounted to a bailout of a cash-burning business. Tesla's solar business has been in decline over the last couple years, with the company cutting staff and
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Outspoken Tesla chief Elon Musk faces $1 billion trial, test of temperamentElon Musk is expected to defend a $2.2 billion deal in court next week criticize...
Baca lebih lajut »
Tesla on the hunt for Cybertruck plant location in central U.S.Tesla will add a factory to produce both the electric pickup and the Model Y crossover, Elon Musk says, without naming the states being considered.
Baca lebih lajut »
Tesla sends memo to workers about coronavirus impact on pay, safety - Business InsiderTesla just reopened its Shanghai factory, now it has to deal with what coronavirus will do to its factories in the US.
Baca lebih lajut »
Tesla is now the highest-valued US industrial company after overtaking Boeing (TSLA) | Markets InsiderTesla is now the highest-valued industrial company in the US, as its market capitalization overtook Boeing's on Wednesday. Tesla's market ...
Baca lebih lajut »
Elon Musk once said starting an electric car company is 'idiocy squared' — now Tesla just hit 1 million carsStarting electric car company Tesla was 'idiocy squared,' according to Elon Musk. That didn't stop Musk, and late Monday, the CEO announced via Twitter that Tesla had produced 1 million vehicles. The journey is indicative of how Musk says he works.
Baca lebih lajut »
Survivor Delays Production of Season 41 Due to CoronavirusSeason 41 of Survivor was set to start filming on March 24 but will now be delayed due to concerns about COVID-19
Baca lebih lajut »