Elon Musk says he'll move Tesla's legal HQ to Texas
Elon Musk has announced plans to move Tesla’s legal incorporation from Delaware to Texas following a judge’s decision to annul his whopping $55.8 billion compensation package. In a post on his social media platform X on Thursday (Feb 1), Musk said Tesla will immediately hold a shareholder vote to shift the electric vehicle maker’s state of incorporation from Delaware, where many major U.S. firms are registered due to favorable tax and business laws. The public vote is unequivocally in favor of Texas! Tesla will move immediately to hold a shareholder vote to transfer state of incorporation to Texas. https://t.co/ParwqQvS3d — Elon Musk ...... Read Full article on HadNews