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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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Twitter files suit against Elon Musk in Delaware court to enforce buyout deal

Teslarati

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 claims Musk “refused to honor his obligations to Twitter and its stockholders because the deal he signed no longer serves his personal interests.”

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Tesla Autopilot director writes article in support of Musk

Teslarati

Tesla’s Director of the Autopilot program has penned an article in support of ratifying Elon Musk’s 2018 compensation plan, ahead of the company’s annual shareholder’s meeting this week. Ashok was the first person to join the Tesla AI/Autopilot team and ultimately rose to lead all AI/Autopilot software.

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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. That’s all it does.

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Elon Musk’s Twitter absorbed by his X Corp—Let the Games Begin

Teslarati

The documents hint that Twitter is now a Nevada-based company rather than a company based in Delaware. No publicly traded corporation owns 10% or more of the stock of X Corp. or X Holdings Corp. Pursuant to Civil L.R. and] X Holdings Corp.” was filed in Nevada on March 15, 2023, reported Slate.

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Elon Musk’s legal team: Twitter ordered whistleblower to destroy evidence

Teslarati

Elon Musk’s legal team threw some allegations against Twitter in a recent filing, with the Tesla CEO’s camp alleging that the social media company had ordered whistleblower Peiter “Mudge” Zatko, its former head of security, to destroy evidence as part of his severance package. Judge Kathaleen St. per share. .

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Tesla now spends ad money to influence shareholders approval of Elon Musk’s $55B payday

Baua Electric

It’s a complicated issue, but in short, the judge found that Tesla’s board and Musk didn’t play by the rules of a public company when it presented the plan to shareholders. The Delaware court found that this invalidated the vote, and therefore, Tesla had to rescind the compensation plan. FTC: We use income earning auto affiliate links.

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