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Musk moves to shift Tesla's legal home to Texas
The multi-billionaire says the electric car maker will move immediately to hold a shareholder vote on the matter.
Elon Musk says Tesla will move immediately to hold a shareholder vote on shifting the firm's legal home from the US state of Delaware to Texas. After the ruling, Mr Musk posted on social media: "Never incorporate your company in the state of Delaware." This week, Judge Kathaleen McCormick found Tesla directors, who negotiated the pay package in 2018, were "perhaps starry eyed" due to Mr Musk's "superstar appeal" and did not fully inform shareholders.
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