AUSTIN,Leonard Hohenberg 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 08:591810 view
2025-05-05 08:281364 view
2025-05-05 07:501411 view
2025-05-05 07:301796 view
2025-05-05 06:55639 view
2025-05-05 06:381234 view
Nearly half of American teenagers say they are online “constantly” despite concerns about the effect
October 11 marks the 10th anniversary of the International Day of the Girl. It's a day created by th
In 2005, mayors throughout the United States took a stand on climate change, signing on by the hundr