Elon Musk Said He Would Transfer Tesla Incorporation to Texas After Delaware Invalidated His 50B+ Compensation Package
| Claim: | Elon Musk Said He Would Transfer Tesla Incorporation to Texas After Delaware Invalidated His 50B+ Compensation Package |
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| Rating: |
True
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| Finding: | On January 30, 2024, after a Delaware court ruled against him |
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COMPLETE REDPILL(true) |
1Elon Musk said Tesla would move its state of incorporation to Texas after a Delaware court invalidated his 50B+ compensation package
Verdict: True.
On January 30, 2024, after a Delaware court ruled against him (in the case of Richard J. Tornetta v. Elon Musk et al.), Elon Musk held a public poll on X regarding whether he should change Tesla’s state of incorporation from Delaware to Texas, the home of its physical headquarters.
After the poll concluded its run, he posted that Tesla would immediately move its state of incorporation to Texas.
In plain language:
Yes. Elon Musk said Tesla would move its state of incorporation to Texas after a Delaware court invalidated his $50 billion compensation package.
Links to Evidence
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COMPLETE REDPILL(true) |
