AUSTIN,Grayson Preston 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.
2025-05-05 08:552712 view
2025-05-05 08:541910 view
2025-05-05 08:542851 view
2025-05-05 08:452590 view
2025-05-05 08:06338 view
2025-05-05 06:232920 view
Parker has been trying to find her place in the banjo world. So this week, she talks to Black banjo
Vanessa Hudgens' spooky Bachelorette party is exactly what we've been looking for.The High School Mu
NEW YORK (AP) — Days after former President Donald Trump got a taste of the witness stand, his New Y