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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.

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Neuralink switches incorporation from Delaware to Nevada: Bloomberg

Teslarati

Following Elon Musk’s recent statements opposing incorporating companies in Delaware, a report has now said that his brain implant company Neuralink has switched its incorporation to Nevada. The post Neuralink switches incorporation from Delaware to Nevada: Bloomberg appeared first on TESLARATI.

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Elon Musk’s Delaware court decision labeled “unAmerican” by ARKInvest’s Cathie Wood

Teslarati

ARK Invest Founder and CEO Cathie Wood called the Delaware court’s decision to void Elon Musk’s performance-based pay package “unAmerican.” “I Wood and Ark Invest’s General Counsel analyzed over 200 pages of the Delaware Court decision and concluded that its interpretations missed a lot of points.

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Tesla bull weighs in on Delaware Court decision against Musk’s TSLA comp plan

Teslarati

Tesla ( NASDAQ:TSLA ) bull and Wedbush Securities Senior Equity Research Analyst Dan Ives has weighed in on the Delaware Court decision that rescinds Elon Musk’s 2018 compensation plan, which was approved by about 80% of TSLA shareholders at the time. Now, obviously, this is a jaw-dropper that came down in Delaware.

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Elon Musk’s Tesla-SolarCity deal lawsuit win upheld by Delaware Supreme Court

Teslarati

The Delaware Supreme Court has upheld a lower court’s ruling that Tesla CEO Elon Musk did not push the electric car maker to overpay when it acquired rooftop solar provider SolarCity in 2016. As per the Delaware Supreme Court, however, the presentation of Slights’ ruling could probably have been done better. billion deal.

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Elon Musk’s The Boring Company to switch state of incorporation

Teslarati

The Boring Company (TBC) will switch its state of incorporation to Nevada by March 2023. The tunnel boring company is the second Elon Musk-led company to announce a switch in its state of incorporation this past week. Like most Elon Musk-led companies, including Tesla, the Boring Company was previously incorporated in Delaware.

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Tesla sues Indian company using its namesake for promotion

Teslarati

Tesla has sued an Indian company called Tesla Power for using its namesake for promotion. Tesla sent the Indian company a cease-and-desist notice in April 2022, but it continued to push its products under the name and argues that it should be allowed to use the label because it has no intentions of making electric vehicles, Reuters reports.

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