Remove Delaware Remove Legal Remove News Remove Tax
article thumbnail

Tesla shareholders to vote on $56B pay package for Elon Musk (again)

Teslarati

The filing came with a letter written by Chairperson Robyn Denholm, who wrote that the Tesla Board disagreed with the Delaware Court’s ruling on Musk’s 2018 pay package. “We do not think that what the Delaware Court said is how corporate law should or does work. . Musk’s pay package has a maximum value of $55.8

article thumbnail

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

Teslarati

Is the law firm behind the legal complaint that ultimately rescinded Elon Musk’s 2018 pay package looking to get overpaid? The case was filed by a thrash metal drummer and car enthusiast, Richard Tornetta, who held nine TSLA shares when the legal complaint was filed. A growing number of Tesla shareholders say so.

Delaware 121
article thumbnail

Elon Musk asks Tesla shareholders to vote for incorporation move to Texas

Baua Electric

Earlier this week, a judge in Delaware, where Tesla is incorporated, sided with a Tesla shareholder who filed a lawsuit that claimed Tesla’s board misled investors when presenting its 2018 CEO compensation plan. Why was Tesla in Delaware in the first place? Tesla has nothing to do with Delaware.

Texas 52
article thumbnail

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.

Delaware 126
article thumbnail

Tesla hit with new lawsuit over Musk’s stock sale Twitter poll, Warren Tweets

Teslarati

Filed in the Delaware Chancery Court, the lawsuit accuses Musk of Tweeting in a manner that could affect the value of Tesla stock. ” Tesla does not currently have a General Counsel in its legal department, which is likely the person who would be required to review Musk’s Tweets before they are sent.

Sale 143
article thumbnail

CalCars and PHEVs Frequently Asked Questions

Tony Karrer Delicious EVdriven

Our PRIUS+ Project Photos PHEV Resources Global Warming Take Action News and Events Contact Us CalCars Frequently Asked Questions Jump to: Environmental Effects and Benefits Alternative Fuels Batteries PHEV Conversions Other Questions Note: This page is overdue for a major overhaul. and at CalCars-News. How can I help?

PHEV 37
article thumbnail

Gas War: U.S. House Suggests Ending California Emissions Authority, White House Says Nope

The Truth About Cars

Furthermore, the EPA cannot legally issue a formal ban on combustion vehicles. However, the legal hurdles confronted by the Trump administration were vast and Biden undid any headway it had made by subsequent executive order. Ultimately, it doesn’t really matter if the proposed bill makes it through the House and Senate.