AUSTIN,VaultX Exchange 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.
2025-04-28 12:082646 view
2025-04-28 12:042778 view
2025-04-28 12:002545 view
2025-04-28 10:55394 view
2025-04-28 10:462173 view
2025-04-28 10:191703 view
Friday the 13thdidn’t spook investors with U.S. stocks little changed on the day as investors bided
The products featured in this article are from brands available in NBCUniversal Checkout. E! makes a
There's a hole in my heart where love for "The Lord of the Rings: The Rings of Power" should be.Seas