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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. ” Musk said.

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Tesla is one step away from incorporating its business to Texas

Teslarati

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. Why did Tesla incorporate in Delaware? It now seems he has one foot out the door.

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The biggest winners in Tesla CEO Elon Musk’s pay package debacle: the lawyers

Teslarati

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. The Financial Times article states that judges awarded $267 million to lawyers representing shareholders who settled with Dell Technologies for $1 billion.

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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

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Valero to Permanently Close 210,000 bpd Delaware City Refinery

Green Car Congress

Valero Energy Corporation intends to permanently shut down its Delaware City, Delaware refinery due to financial losses caused by very poor economic conditions, significant capital spending requirements and high operating costs. Valero Delaware City Refinery. Click to enlarge. billion to $1.8 billion, or $2.00

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

Teslarati

This is highlighted in a grassroots effort from Tesla stockholders who are currently using their voices to ask Delaware Judge Kathaleen McCormick to deny the request of law firm Bernstein Litowitz Berger & Grossmann, which is demanding a compensation of nearly $6 billion for their services in the case against Musk. .’

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PBF considering $550M investment to convert idled refinery unit to renewable diesel production

Green Car Congress

PBF Energy and its potential partners are considering Chalmette Refining along with other facilities for the renewable diesel project, and it expects to make a final investment decision after local taxing bodies in St. The company also is expected to utilize the state’s Quality Jobs and Industrial Tax Exemption programs.

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