AUSTIN,Alaric Bennett 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.
2025-05-02 08:592887 view
2025-05-02 08:542568 view
2025-05-02 08:462678 view
2025-05-02 07:47197 view
2025-05-02 07:46514 view
2025-05-02 07:28350 view
NFL games are a spectrum. Some are back-and-forth shootouts. Others are duds without much scoring at
The Canadian oil pipeline company responsible for one of the largest inland oil spills on record has
Karli Myers had her son, Luke, in November, while working as a high school English teacher outside T