I'm not sure what you are disagreeing with, I'm just sticking to the facts. Tesla shareholders are suing because they thought the Solar City merger hurt Tesla and should have never happened, which even Elon admits that it did hurt Tesla:
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I was looking for the reasoning to why Tesla was worth less or slowed down by the merger. You are not providing that. The reason Elon did not settle is because the Unions suing him do not know what he is actually talking about because he never speaks clearly... and to that extent even you are potentially putting words in his mouth.
Let me translate. When Elon testifies all he has to do is clarify what he meant..... altho I can't know what he meant with the way he speaks so I will throw out one example, "But I just didn't realize the
battery line supplier would completely fail and the Model 3 program would be so difficult. And so
the Model 3 program was just a big distraction
towards the solar side and sort of offset a lot of
the solar business by more than a year, year and a half maybe."
Companies can not know the future. If the Model 3 battery line had actually worked and the supplier had not failed solar products might have ended up ahead of Solar City schedule. There is no way Elon or the board knew the Model 3 ramp was going to have the vendor side fail.
"The primary production constraint really, by far, is in battery module assembly," Musk said on a conference call with analysts..." from a Business Insider article in 2017.
Do not cut out the part about it making strategic sense for the companies to merge.... because it did and does. It did not hurt Tesla. It slowed the Solar City portion. IF the Model 3 battery line had not failed miserably they would have executed better altho not perfect. There is no way Elon could read the future so at the time of the merger no malice was intended.
The board member settlement I am reading in short says (what all settlements say) the Plaintiffs believe their accusations to be true but like money more than proving their case so they are going for the money and the lawyers will go chase more ambulances.
The defendants still say the accusations are false but don't want to waist the money and resources defending against a frivolous lawsuit so they are settling to get back to work at making cars and solar products.