article thumbnail

Delaware adopting California’s ZEV regulations

Green Car Congress

Delaware will join 13 other states in adopting California’s Zero Emission Vehicle (ZEV) regulations. Managed by the Delaware Department of Natural Resources and Environmental Control ( DNREC ), the ZEV program is designed to accelerate the commercialization of battery-electric, plug-in hybrid and fuel cell electric vehicles.

Delaware 284
article thumbnail

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.

Delaware 137
article thumbnail

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.

Delaware 131
article thumbnail

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.

Delaware 137
article thumbnail

Delaware Judge Invalidates Musk Pay Package

CleanTechnica EVs

A court in Delaware has invalidated the $56 billion compensation package Tesla awarded to Elon Musk 5 years ago, calling it excessive. The post Delaware Judge Invalidates Musk Pay Package appeared first on CleanTechnica.

Delaware 106
article thumbnail

Judge who rescinded Musk pay package confident Tesla won’t contest ruling outside Delaware

Teslarati

Delaware Judge Chancellor Kathaleen McCormick has noted that she feels assured that Tesla would not use its upcoming 2024 Annual Stockholders’ Meeting as a way to attack her decision to rescind the CEO’s 2018 pay package. In the meantime, the defendants’ statements give me great comfort,” the Delaware Judge wrote in a letter.

article thumbnail

Permian Resources to acquire Earthstone Energy, creating a $14B Delaware Basin independent E&P

Green Car Congress

In the Delaware Basin, the acquisition adds approximately 56,000 net acres of high-quality, stacked-pay reservoirs, largely offset to Permian Resources’ existing acreage in Lea and Eddy Counties. Permian Resources expects to realize significant DC&F savings in the Delaware Basin through improved efficiencies and lower cost structure.

Delaware 195