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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: February 4, 2020.

Attorney(s) appearing for the Case

Jay W. Eisenhofer, Esquire , Christine M. Mackintosh, Esquire , Kelly L. Tucker, Esquire and Vivek Upadhya, Esquire of Grant & Eisenhofer P.A., Wilmington, Delaware; Daniel L. Berger, Esquire of Grant & Eisenhofer P.A., New York, New York; Lee D. Rudy, Esquire , Eric L. Zagar, Esquire , Robin Winchester, Esquire and Justin O. Reliford, Esquire of Kessler Topaz Meltzer & Check, LLP, Radnor, Pennsylvania; and Randall J. Baron, Esquire , David T. Wissbroecker, Esquire and Maxwell R. Huffman, Esquire of Robbins Geller Rudman & Dowd LLP, San Diego, California, Attorneys for Co-Lead Plaintiffs.

David E. Ross, Esquire , Garrett B. Moritz, Esquire and Benjamin Z. Grossberg, Esquire of Ross Aronstam & Moritz LLP, Wilmington, Delaware and Evan R. Chesler, Esquire , Daniel Slifkin, Esquire , Vanessa A. Lavely, Esquire and Helam Gebremariam, Esquire of Cravath, Swaine & Moore LLP, New York, New York, Attorneys for Director Defendants Elon Musk, Brad W. Buss, Robyn M. Denholm, Ira Ehrenpreis, Antonio J. Gracias, Stephen T. Jurvetson and Kimbal Musk.

MEMORANDUM OPINION

Tesla, Inc. ("Tesla") acquired SolarCity Corporation ("SolarCity") in 2016 by merger (the "Merger"). Several stockholders initiated lawsuits in this Court challenging the Merger, and those lawsuits have now been consolidated. The lead plaintiffs allege direct and derivative claims against both...

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