Elon Musk Proposes Relocating Tesla’s Incorporation to Texas Following Legal Dispute

Tesla CEO Elon Musk announced that the electric car manufacturer plans to initiate a shareholder vote on relocating the company’s state of incorporation from Delaware to Texas. This announcement follows Musk’s criticism of Delaware, where Tesla is currently incorporated, due to a court ruling that invalidated his substantial $55.8 billion compensation package. Key details Background … Continue reading Elon Musk Proposes Relocating Tesla’s Incorporation to Texas Following Legal Dispute