Musk says Tesla will hold shareholder vote 'immediately' to move company's incorporation to Texas
www.forbes.com.au
Billionaire Elon Musk justified the decision on the results of an unscientific poll run on his X account a day earlier.

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.

  • Xtallll@lemmy.blahaj.zoneEnglish
    45·
    11 months ago

    Do you know how crooked you have to be to have a Delaware™ court rule against you?

    Delaware™ is a wholly owned subsidiary of the DuPont corporation, all rights reserved.

    • partial_accumen@lemmy.worldEnglish
      181·
      11 months ago

      Yeah, I alluded to that in my post but didn’t dive in. I think this is going to be worse for Musk and Tesla. There are all kinds of taxation and corporate liability protections in Delaware that don’t exist in Texas. There are possibly teams of lawyers salivating over this incorporation change going into place opening up new and previously unavailable avenues to attack Tesla under Texas law, or rather without Delaware protections.

      edit:spelling

      • Voroxpete@sh.itjust.worksEnglish
        2·
        11 months ago

        Hey, just a friendly heads up:

        “Eluded” means escaped or evaded. “He eluded capture once again.”

        The word you wanted was “alluded”, meaning to suggest or indirectly hint at without outright stating.

        That’s all, citizen. English-Major-Man, away!

        • partial_accumen@lemmy.worldEnglish
          1·
          11 months ago

          Thanks for that! I like the correction. Edited original post to correct it.

          That’s all, citizen. English-Major-Man, away!

          You’re using your powers for good!