IN RE TESLA MOTORS, INC. STOCKHOLDER LITIGATION

Consolidated C.A. No. 12711-VCS.

IN RE TESLA MOTORS, INC. STOCKHOLDER LITIGATION.

Court of Chancery of Delaware.

Decided: March 28, 2018.


Attorney(s) appearing for the Case

Jay W. Eisenhofer Esquire , and James J. Sabella Esquire , of Grant & Eisenhofer P.A., Wilmington, Delaware; Michael Hanrahan, Esquire , Paul A. Fioravanti Jr., Esquire , and Samuel L. Closic Esquire , of Prickett, Jones & Elliott, P.A., Wilmington, Delaware; Ned Weinberger, Esquire , Ryan T. Keating Esquire , and Thomas Curry Esquire , of Labaton Sucharow LLP, Wilmington, Delaware; Joel Friedlander Esquire , and Jeffrey M. Gorris Esquire , of Friedlander & Gorris, P.A., Wilmington, Delaware; Justin S. Brooks Esquire , of Guttman, Buschner & Brooks PLLC, Wilmington, Delaware; Randall J. Baron, Esquire , David T. Wissbroecker Esquire , and Maxwell R. Huffman Esquire , of Robbins Geller Rudman & Dowd LLP, San Diego, California; Lee D. Rudy, Esquire , Eric L. Zagar, Esquire , Robin Winchester Esquire , and Kristen L. Ross Esquire , of Kessler Topaz Meltzer & Check, LLP, Radnor, Pennsylvania; and Mark Lebovitch Esquire , and Jeroen van Kwawegen, Esquire of Bernstein Litowitz Berger & Grossmann LLP, New York, New York, Attorneys for Plaintiffs.

David E. Ross, Esquire , Garrett B. Moritz Esquire , and Benjamin Z. Grossberg Esquire , of Ross Aronstam & Moritz LLP, Wilmington, Delaware and William Savitt, Esquire , Graham W. Meli, Esquire , Steven Winter Esquire , and David E. Kirk Esquire , of Wachtell, Lipton, Rosen & Katz, New York, New York, Attorneys for Defendants.


MEMORANDUM OPINION

The question addressed in this Memorandum Opinion is whether Plaintiffs have adequately pled that Elon Musk is a controlling stockholder of Tesla, Inc. ("Tesla" or the "Company"). Tesla acquired SolarCity Corporation ("SolarCity") in 2016 (the "Acquisition"). Following the announcement of the...

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