Friday, February 02, 2024

Elon Musk Wants to Move Tesla’s Incorporation From Delaware to Texas

Elon Musk, a man of action and the owner of the tunnel-building venture Boring! There is not much boring about this guy! 😊

Delaware, the same state that voted for decades again and again for the lifelong pathological liar Joseph Biden to represent this state in the U.S. Senate!

"The electric-vehicle maker’s CEO announced a shareholder vote on the issue two days after a court in Delaware—a corporate haven known as the incorporation capital of America—struck down his $55.8 billion compensation package from the company. Musk, who has 30 days to file an appeal, tweeted that no one should incorporate a company there. Tesla didn’t respond to a request for comment. The EV company, formerly headquartered in Palo Alto, Calif., and Musk’s tunnel-building venture Boring are based in the Lone Star State; his rocket company, SpaceX, has significant operations there; and Musk is building his own Texas town."

Elon Musk Wants to Move Tesla’s Incorporation From Delaware to Texas - WSJ

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