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Tesla CEO Elon Musk said on Thursday the company will hold a shareholder vote to transfer its state of incorporation to Texas from Delaware, after a judge invalidated his $56
'Tesla will move immediately to hold a shareholder vote to transfer state of incorporation to Texas,' Musk posed on X early Thursday, citing a poll he posted on the platform.
A Delaware judge ruled Tuesday that — contrary to the will of the supermajority of shareholders and the company's board — Tesla CEO Elon Musk was undeserving of the multibillion-dollar compensation package directors awarded him in 2018. Chancellor Kathaleen McCormick may have unwittingly set the...
Elon Musk says car maker Tesla will hold a shareholder vote to transfer its state of incorporation from...
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Legal experts believe he would be sued by investors if he tried to switch incorporation to Texas, particularly of there is little benefit to company