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Read the facts below Solar Car Limited Liability Company (Solar Car) is a joint venture of Tesla Limited Liability Company (Tesla) and ViPa Limited Liability
Read the facts below Solar Car Limited Liability Company ("Solar Car") is a joint venture of Tesla Limited Liability Company ("Tesla") and ViPa Limited Liability Company. Tesla owns 60% of Solar Car's shares. After successfully developing the world's first solar-powered car for general use, Solar Car's board of management ("Board") has determined that it shall now attempt to move into a new product line: flying cars. Solar Car's Board believes that if they can develop a feasible flying car design, they may be able to then leverage their solar technology to create not only the world's first flying car for everyday use, but the world's first solar powered flying car. Solar Car's Board decides to create a separate, wholly-owned subsidiary to develop the flying car. The subsidiary is called Jet Car Limited Liability Company ("Jet Car"). In connection with their research and development into the flying car, Jet Car's engineers acquire substantial knowledge about the production of jet packs for individual use. Jet Car's board mentions to Elin Mesk, now Jet Car's Chief Engineering Officer, that they are considering bringing a line of personal jet backs to market based on the intellectual property developed by Jet Car's engineers. They tell Elin Mesk that they will not be in a position to start pursuing the jet pack business until mid-2022 at the earliest. In the interim, Elin Mesk resigns from his role at Jet Car and registers a new business, Rocketman Limited Liability Company. Elin Mesk uses engineering data that he took with him when he left Jet Car to quickly finalize a prototype personal jet pack, which he hopes to start selling by early 2023. What do you think about this case? (Open question) (Analyze the case/What is the advice for Elin Mesk
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