Edge's News: Elon wins again! Musk is cleared by judge of wrongdoing for using $2.6BN

Elon Musk on Wednesday was cleared by a judge of wrongdoing in Tesla's 2016 purchase of SolarCity - a clean energy firm founded by his cousins. Musk, 50, was sued by Tesla shareholders over his decision to buy the struggling firm for $2.6 billion. They accused him of leaning on the board to buy the energy firm at a time when Musk's electric car firm was in a precarious financial position. The shareholders were seeking $13 billion in damages. Yet on Wednesday a judge in Delaware ruled Musk did not unjustly enrich himself when he guided Tesla to acquire SolarCity Corp - a company founded in 2006 by his cousins Peter and Lyndon Rive, where Musk was chairman and the largest shareholder. SolarCity grew to have more than 15,000 employees at its peak in 2015, but slashed 22 per cent of its workforce the following year, as Musk bought the firm. It has since been absorbed into the Tesla Energy brand, which raked in $801 million in 2021. Musk's mother Maye and th...