That left Musk, who refused to settle, as the sole remaining defendant. Much of that revenue came from selling battery storage units. Musk had called the man “pedo guy” on Twitter.Even if the trial ends with Musk having to pay personally for the whole SolarCity deal, USD 2.5 billion won't much hurt the world's third-wealthiest person. Forbes magazine has estimated that Musk is worth roughly USD 163 billion.Ives suggested that while any such payment wouldn't seriously affect Musk's wealth, it would damage his reputation for choosing acquisitions.Musk is fighting the lawsuit after others have settled “because that's what Musk does,” Ives said. “I think Elon believes this was the right deal and still does.”

Source: Economic Times July 12, 2021 02:26 UTC