A tisket a tasket a Tesla option in my Basket

TESLA-SOLARCITY TIE-UP COULD BE DELAYED BY LAWSUITS Shareholder lawsuits could slow the closing of electric automaker Tesla’s planned $2.3 billion merger with solar-power company SolarCity, The Wall Street Journal’s Cassandra Sweet and Susan Pulliam report. Four investor lawsuits–two filed by individual shareholders and two by pension funds–claim that Tesla’s board failed to fulfill its fiduciary duties when considering the merger. Tesla Chief Executive Elon Musk is chairman of SolarCIty. The solar-power company has been trying to raise cash to keep operating on its own pending the merger by selling more solar panels for cash (rather than pursuing its traditional plan of leasing them out) and raising money from a hedge fund. It has also laid off employees and closed sales offices.