AUSTIN,Kacper Sobieski 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.
2025-05-06 02:302730 view
2025-05-06 02:121478 view
2025-05-06 01:391083 view
2025-05-06 01:241929 view
2025-05-06 01:23657 view
Meghan Markleis going back to where her fairytale began. The Duchess of Sussex revealed the reason s
Taylor Swift and Travis Kelce are shaking off this scary situation.Just before Swift’s Eras Tour con
The global technology outage that disrupted airlines and banks around the world Friday has also impa