Elon Musk's company, Tesla, has agreed to settle a lawsuit filed by Donald Trump. The lawsuit was related to a dispute over a contract for solar panels at one of Trump's golf courses. The settlement was reached out of court, meaning the terms of the agreement won't be made public.
Tesla was contracted to provide solar panels for the Trump National Doral golf course in Miami, Florida. However, the project was ultimately abandoned due to a dispute between Tesla and Trump's company over the contract.
The lawsuit was filed in 2019, and the settlement was reached after several years of litigation.
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Elon Musk's Company Settles Lawsuit
Elon Musk's company, X, has agreed to pay about $10 million to settle a lawsuit filed by former US President Donald Trump.
The lawsuit was related to the action taken against Trump's X account following the January 2021 Capitol riots by his alleged supporters.
Trump's team initially considered letting the lawsuit fizzle out due to his close relationship with Elon Musk, who contributed $250 million to his 2020 election campaign.
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Despite this close relationship, Trump's team ultimately decided to proceed with the settlement.
X was previously known as Twitter, which Musk bought and renamed after banning Trump in 2021 due to concerns he would promote further violence with bogus claims.
Musk reinstated Trump's account on X and was a major supporter of his during the recent presidential race.
The settlement amount is reportedly about $10 million, but the exact details of the agreement are not yet clear.
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