Lyndon Rive warns Musk of SolarCity cash 'domino effect'

From:: Lyndon Rive (SolarCity CEO)
Date:: July 10, 2016
To:: Elon Musk

Excerpt. Only this much of the email has been made public.

cash forecast [he] gave the [SolarCity Board] in April [...] domino effect [...] delay[s] [in] funding

About this email

SolarCity's CEO sends Musk the cash forecast he gave SolarCity's board, warns of a 'domino effect' from funding delays and asks to discuss a $200 million bridge loan; the court found Musk told him Tesla's board would not authorise a bridge loan.

Notes

Email TO Musk; only fragments are quoted in Vice Chancellor Slights's opinion (bracketed alterations are the court's). The opinion says Musk responded that Tesla's board would not authorise a bridge loan, citing trial testimony rather than a written reply.

Where it came from

Court record; attribution confirmed.

SolarCity, executive & internal. Tags: solarcity, liquidity, bridge-loan, lyndon-rive

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