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Musk says Tesla will hold shareholder vote ‘immediately’ to move company’s incorporation to Texas
Billionaire Elon Musk justified the decision on the results of an unscientific poll run on his X account a day earlier.
Key Background Earlier this week, a Delaware judge voided Musk’s record$50.9 billion pay package from Tesla in a case brought by a shareholder. In her ruling, Delaware judge Kathaleen McCormick pointed to Musk’s close ties with the board of directors, which was “tasked with negotiating” the pay package on behalf of Tesla. While Musk presents them as a democratization of important decisions, X’s unscientific polls are vulnerable to brigading or manipulation by bots or fake accounts.
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