Musk’s Heavy Hand Tainted SolarCity Buyout, Investors Tell Court

Tesla Inc. co-founder Elon Musk was too involved in the $2.6 billion buyout of a solar-power company run by his cousins for the deal to be fair to the electric-car maker’s shareholders, a lawyer for disgruntled investors told the Delaware Supreme Court.

The investors are asking the state’s highest court to overrule a judge who cleared Musk of wrongdoing a year ago after a trial over claims he forced fellow Tesla directors to accept an overpriced buyout of SolarCity, a company founded in 2006 that he backed.

The conclusion in April 2022 by then-Delaware Chancery Judge Joseph Slights III that ...