AUSTIN,Coxno 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.
2025-05-04 03:212032 view
2025-05-04 02:242503 view
2025-05-04 02:22279 view
2025-05-04 01:492080 view
2025-05-04 01:4595 view
2025-05-04 01:271303 view
Paula Abdul and Nigel Lythgoe have settled their lawsuit a year after the allegations sent shockwave
The northern lights can be seen again tonight in many parts of the northern United States. Displayin
This Mother's Day, Olivia Munn is sharing a heartbreaking but hopeful personal update amid her recov