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Elon Musk Initiates the Process To Move Tesla’s State of Incorporation to Texas After Setbacks in Delaware

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Elon Musk Tesla Delaware

After facing a series of setbacks in the Delaware Court of Chancery, Elon Musk appears visibly fed up and is now seeking to remove Tesla from Delaware's jurisdiction entirely. The public vote is unequivocally in favor of Texas! Tesla will move immediately to hold a shareholder vote to transfer state of incorporation to Texas. https://t.co/ParwqQvS3d — Elon Musk (@elonmusk) February 1, 2024 The CEO of Tesla commissioned an online poll on the 31st of January, seeking input on the suggestion that the EV giant should adopt Texas as its state of incorporation. With 87 percent of the votes in favor, […]

Read full article at https://wccftech.com/elon-musk-initiates-the-process-to-move-tesla-state-of-incorporation-to-texas-after-setbacks-in-delaware/

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