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Tesla likely to leave Delaware after Musk moves SpaceX to Texas

Teslarati

Tesla is likely to leave the State of Delaware as its place of incorporation after CEO Elon Musk moved his aerospace company, SpaceX, to Texas yesterday. Musk’s move comes just weeks after a Delaware Court of Chancery Judge revoked his $56 billion pay package that was approved by Tesla Shareholders in 2018. ” Musk said.

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Tesla is one step away from incorporating its business to Texas

Teslarati

Following the rescindment of CEO Elon Musk’s pay package, Tesla is considering moving its incorporation status from Delaware to Texas, and it is just one step away from doing so. Why did Tesla incorporate in Delaware? It now seems he has one foot out the door.

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Texas Governor Greg Abbott welcomes Tesla after reincorporation vote passes “Guaranteed Win” mark

Teslarati

Texas Governor Greg Abbott expressed his support to Elon Musk and Tesla after the CEO noted on X that TSLA investors are on track to ratify his 2018 CEO Performance Award and approve the electric vehicle maker’s proposed redomestication from Delaware to Texas. Welcome to a state that has neither a personal nor a corporate income tax.

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The biggest winners in Tesla CEO Elon Musk’s pay package debacle: the lawyers

Teslarati

The biggest winners in the case against Tesla CEO Elon Musk and his pay package that was thrown out by a Delaware Chancery Court Judge will be the lawyers who tried and won the case. You can also reach me on Twitter @KlenderJoey , or if you have news tips, you can email us at tips@teslarati.com. I’d love to hear from you!

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Tesla board responds to ISS in four-page shareholder letter

Teslarati

In it, the board writes that the firm was right to urge investors to vote in favor of proposal three, or moving incorporation from Delaware to Texas, adding that it missed important points in encouraging them to vote against proposal four, ratifying Musk’s previously approved $56 billion compensation package.

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Musk responds to pay case lawyers requesting $6 billion in Tesla shares

Teslarati

Elon Musk has responded to lawyers in the recent Delaware case regarding his Tesla compensation package, after the attorneys this week requested legal awards of 29 million Tesla shares — worth almost $6 billion. It is also tax-deductible by Tesla.” Best to get out of Delaware as soon as possible possible.

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Tesla shareholders are taking a stand against law firm’s $6B TSLA stock request

Teslarati

This is highlighted in a grassroots effort from Tesla stockholders who are currently using their voices to ask Delaware Judge Kathaleen McCormick to deny the request of law firm Bernstein Litowitz Berger & Grossmann, which is demanding a compensation of nearly $6 billion for their services in the case against Musk. .’

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