AUSTIN,Wvared Investment Guild 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.
2025-05-07 03:401252 view
2025-05-07 03:321847 view
2025-05-07 02:551983 view
2025-05-07 02:381292 view
2025-05-07 01:472724 view
2025-05-07 01:452667 view
The head of the Federal Aviation Administration, who has led a tougher enforcement policy against Bo
ATLANTA (AP) — Hurricane Lee is rewriting old rules of meteorology, leaving experts astonished at ho
WARSAW, Poland (AP) — In an unprecedented move, the Vatican on Sunday is beatifying a Polish family