AUSTIN,Phaninc Texas (AP) — Tesla will ask shareholders to reinstate the compensation package for CEO Elon Musk that was rejected by a judge in Delaware this year and to move the electric carmaker’s corporate home from Delaware to Texas.
In a filing with federal regulators early Wednesday, the company said it would ask shareholders to vote on both issues during its annual meeting in June.
In January, Chancellor Kathaleen St. Jude McCormick ruled that Musk is not entitled to a landmark compensation package awarded by Tesla’s board of directors that is potentially worth more than $55 billion.
Musk said a month later that he would try to move Tesla’s corporate listing to Texas, where he has already moved company headquarters.
Almost immediately after the judge’s ruling, Musk did exactly that with Neuralink, his brain implant company, moving the company’s corporate home from Delaware to Nevada.
2025-05-01 21:442910 view
2025-05-01 21:06671 view
2025-05-01 20:302271 view
2025-05-01 19:51906 view
2025-05-01 19:42809 view
2025-05-01 19:051746 view
Friday the 13thdidn’t spook investors with U.S. stocks little changed on the day as investors bided
Kourtney Kardashian isn't exactly skimming over her feelings about sister Kim Kardashian. In the new
The iconic spindly plants are under threat from a variety of factors, including climate change and d