Teslarati

FEBRUARY 11, 2024

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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Las Vegas Companies Delaware Nevada 135

Teslarati

MAY 3, 2024

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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Companies Tesla India Lead Acid 129

Teslarati

FEBRUARY 1, 2024

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. Based on the vote on X, it will be voted by Tesla shareholders that the company should move to Texas. Why did Tesla incorporate in Delaware?

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Texas Delaware Tesla Tax 142

Teslarati

JULY 12, 2022

On Tuesday, July 12, Twitter officially filed a lawsuit against Elon Musk in the Delaware Court of Chancery. The company aims to force Musk to finalize his $44 billion deal. ” Twitter has filed a lawsuit in the Delaware Court of Chancery to hold Elon Musk accountable to his contractual obligations.

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Delaware Legal Personal Price 96

Teslarati

FEBRUARY 15, 2024

Elon Musk’s SpaceX has switched its state of incorporation from Delaware to Texas. The incorporation switch follows the departure of other Elon Musk-led companies leaving Delaware. Musk announced the news about SpaceX’s Texas incorporation via his social media platform X—formerly Twitter.

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Delaware Nevada Texas Tesla 132

Teslarati

JUNE 12, 2024

Tesla shareholder sues Elon Musk accusing him of insider trading That suit , filed by shareholder Michael Perry, claims that Musk “waited to make these sales after the release of adverse news” and that “his sales would have netted him less than 55 percent of the amounts realized from his November and December sales.”

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Rhode Island Delaware Tesla Sale 136

The Truth About Cars

JUNE 14, 2024

Tesla CEO Elon Musk recently got an even bigger chunk of the company as shareholders approved his controversial pay package, which will make him one of the highest-paid corporate leaders in history. The distractions from Delaware, violating shareholder rights and canceling arms length contracts, is over. Goodbye, Delaware.

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Delaware Texas Corporation Buy 105

Teslarati

JUNE 3, 2024

. “Musk exploited his position at Tesla, and he breached his fiduciary duties to Tesla,” a lawsuit from shareholder Michael Perry, which was filed in the Delaware Chancery Court last week, said. Musk sold Tesla shares in late 2022 after stating demand for the company’s EVs was “excellent.”

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Delaware Tesla Sale Texas 120

Teslarati

JANUARY 31, 2024

Former 2024 Presidential Candidate Vivek Ramaswamy has commented on the situation involving Elon Musk and his pay package that was rescinded by a Judge in Delaware. ” The Delaware Supreme Court can appeal the decision from Judge McCormick. Ramaswamy called the decision “a threat to the future of capitalism.”

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Delaware Tesla Future Texas 131

Teslarati

FEBRUARY 14, 2024

Tesla and its CEO Elon Musk have said they will appeal the decision to rescind his $56 billion pay package, as a Delaware Judge ruled last month that the payday was too lucrative and not in the best interest of investors after a shareholder opposed it. Reuters initially reported on the intention of appeal from Musk and Tesla.

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Delaware Tesla Texas Grant 142

Teslarati

JUNE 12, 2024

Tesla’s 2024 Annual Stockholders’ Meeting is just over a day away, and the company is putting out all the stops to encourage its investors to vote for the event’s key proposals. The company provided a link to its dedicated webpage for key proposals at the 2024 Annual Stockholders’ Meeting, votetesla.com , as well.

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Delaware Tesla 2018 Texas 91

The Truth About Cars

JUNE 18, 2024

Last night, the company officially filed for chapter 11 bankruptcy in Delaware, writing a post on its website confirming the development. The company is looking to liquidate its assets, which could net between $500 million and $1 billion. Images: Fisker] Become a TTAC insider.

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Fisker Delaware Alaska SUV 105

Teslarati

FEBRUARY 8, 2024

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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Delaware Tesla Tax Corporation 124

Teslarati

MAY 5, 2024

One of Tesla’s largest individual shareholders has spoken out against CEO Elon Musk and his stake in the company, as investors vote on the CEO’s recently rejected 2018 pay package. After a Delaware judge ruled in favor of a shareholder in a lawsuit in January, officially voiding Musk’s 2018 compensation package worth $55.8

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Delaware Tesla 2018 Texas 143

Baua Electric

JULY 13, 2023

“The whole problem here is it’s a new company in the field and they don’t have all the equipment like the established players like Daimler, Volvo or Paccar have,” mentioned Antti Lindstrom, a truck analyst at S&P International Mobility.

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Delaware Financing Hydrogen Gasoline-Electric 52

Teslarati

MAY 12, 2024

Tesla investors currently have the chance to vote on a number of proposals for the company’s upcoming shareholder’s meeting, with CEO Elon Musk’s 2018 pay package hanging in the balance after it was struck down by a Delaware judge. ” What are your thoughts?

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2018 Delaware Tesla Legal 137

Teslarati

SEPTEMBER 20, 2023

The Tesla board settlement that occurred earlier this year saw the directors of the company return more than $700 million for allegedly overpaying themselves. Additionally, two other firms, one from Wilmington, Delaware, and another from Lansing, Michigan, also billed “hundreds of hours.” They have until Friday to do so.

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Delaware Tesla Michigan 2017 127

Teslarati

MAY 29, 2024

More importantly, Denholm noted that Delaware is simply no longer the right jurisdiction for Tesla, and that the company has been studying a move out of Delaware for some time. Over the last several years it has become clear that Delaware is no longer the right jurisdiction for us.

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Texas Delaware Tesla Legal 114

Teslarati

APRIL 17, 2024

The document included details about the electric vehicle maker’s 2024 annual meeting of stockholders, updates regarding the company’s plans for CEO Elon Musk’s 2018 pay package, as well as an initiative to move Tesla’s state of corporation from Delaware to Texas.

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Texas 2018 Delaware Tesla 125

Electrek

APRIL 17, 2024

Tesla has filed a proxy with shareholders to ask them to vote for the company to move its state of incorporation to Texas and re-pass Elon Musk’s 2018 CEO massive compensation plan that was rescinded by a Delaware judge earlier this year.

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Texas Delaware Tesla 2018 96

Baua Electric

JUNE 12, 2024

Georgia-based EV charging provider EnviroSpark has formed a partnership with property management company AION to deploy EV charging infrastructure across 58 properties in seven states: Pennsylvania, New Jersey, Delaware, Maryland, Virginia, Indiana and Ohio.

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Charging New Jersey Delaware Maryland 52

Teslarati

JUNE 3, 2024

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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Delaware Tesla 2018 Tax 110

The Truth About Cars

MAY 28, 2024

The consideration comes after a 2018 package was nixed in a Delaware court. In 2018, Musk said that he wouldn’t leave Tesla if the package wasn’t approved, but he also recently threatened that he would not create new AI technology for the automaker if he didn’t have at least 25 percent control of the company.

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Delaware 2018 Legal Texas 105

Teslarati

FEBRUARY 5, 2024

Thousands of retail Tesla ( NASDAQ:TSLA ) investors have banded together to express their support of CEO Elon Musk’s and his 2018 compensation plan, which was rescinded by a Delaware judge last week. The group also expressed their support to the idea of Tesla moving its state of incorporation from Delaware to Texas. The post Over 5.8k

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Delaware Tesla 2018 Texas 145

Baua Electric

JUNE 18, 2024

Fisker in a statement said it has sought Chapter 11 bankruptcy protection with a court in Delaware, and that it is currently in talks with creditors over debtor-in-possession financing and the sale of remaining assets. The company hasn’t said what support will be offered for Ocean owners.

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Fisker Delaware Alaska Charging 52

Teslarati

JANUARY 30, 2024

Elon Musk’s Tesla pay package has been voided by a Delaware Judge after the case was ruled in favor of the plaintiff, a shareholder who challenged the validity of the amount of the payday. Judge Kathaleen McCormick ruled in the Delaware Court of Chancery that Musk’s pay package did not meet the standard of a fair price.

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Delaware Tesla Grant Buy 88

Baua Electric

MAY 29, 2024

Tesla has successfully reassured a Delaware judge that its attempted incorporation move to Texas won’t affect Elon Musk’s CEO compensation case. Tesla has a legal obligation to follow through and respect the Delaware court’s jurisdiction – making those new votes a lot less meaningful.

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Texas Delaware Tesla Legal 52

Teslarati

JUNE 18, 2024

The filing was submitted to the District of Delaware on June 17, 2024. After evaluating all options for our business, we determined that proceeding with a sale of our assets under Chapter 11 is the most viable path forward for the company,” a Fisker spokesperson noted. Fisker Group Inc.

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Fisker Delaware Auto Industry SUV 88

Teslarati

MAY 29, 2024

.” The firm also said moving the company to Texas would not be ideal as it would present Tesla investors with “uncertain benefits and additional risk.” But earlier this year , Delaware Judge Kathaleen McCormick ruled against Musk in a suit that was brought on by a small-time shareholder. percent stake in the company.

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Tesla Delaware Texas 2018 132

Teslarati

MAY 23, 2024

However, a Delaware judge ruled earlier this year Musk’s pay package should not be given. Scottish Mortgage first bought Tesla in June 2013, so it is a long-term believer in the company’s mission. You can also reach me on Twitter @KlenderJoey , or if you have news tips, you can email us at tips@teslarati.com.

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Tesla Delaware 2013 Parts 136

Teslarati

JUNE 12, 2024

Similar to other critical events from the company, the Tesla 2024 Annual Stockholders Meeting, also dubbed the 2024 Cyber Roundup, would be accessible to the public through a livestream. Tesla noted on its official website that the company is conducting a random drawing to determine which TSLA shareholders are eligible to attend the event.

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Tesla Delaware 2018 Texas 95

Baua Electric

JUNE 13, 2024

Tesla’s board of directors and Elon Musk are being sued by shareholders for breach of fiduciary duty over threats that the CEO made about not building AI products at Tesla, and even funneling resources to his private companies. The company has yet to respond to the lawsuit. FTC: We use income earning auto affiliate links.

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Cleveland Tesla Delaware Auto 52

Teslarati

JUNE 9, 2024

Tesla has begun sending out invites to winners of the Gigafactory Texas tour, after the company said it would be offering the prize to randomly selected shareholders who recently voted. ” Tesla poised to secure “overwhelming” support for ratification of Musk pay plan: Wedbush What are your thoughts?

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Texas Tesla Delaware Austin 108

Teslarati

JUNE 4, 2024

It also said it would vote against the ratification of Tesla CEO Elon Musk’s $56 billion pay package and its relocation of incorporation from Delaware to Texas. 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 Delaware Norway Texas 99

Electric Cars Report

AUGUST 8, 2023

Commercial vehicle electrification company Proterra filed for Chapter 11 bankruptcy protection on Monday. The decision to file for bankruptcy was made on a voluntary basis within the jurisdiction of the District of Delaware, where the company is legally incorporated.

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Delaware Legal Commercial Electric Cars 98

Teslarati

JUNE 11, 2024

Nordet said that Musk has made it clear that Tesla shareholders should have their votes heard in what could be the most crucial meeting in the company’s history. 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 Delaware 2018 Companies 122

Baua Electric

FEBRUARY 1, 2024

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. That’s all it does.

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Texas Delaware Tesla Corporation 52