this post was submitted on 02 Feb 2024
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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.

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[–] fidodo 105 points 1 year ago* (last edited 1 year ago) (3 children)

To the state that can't even keep their power grid up during the winter?... Or summer?

[–] [email protected] 76 points 1 year ago (1 children)

This has nothing to do with physical locality.

It's because he lost a shareholder lawsuit over his exorbitant compensation package, and he's being a whiny salty baby about it.

To be clear, Tesla is currently incorporated in Delaware, which is already well known for being extremely hostile to shareholder lawsuits like this. He picked the most favourable ground possible and still lost. He's not going to get better treatment from Texas.

He's just throwing his toys out of the pram because he's mad, and forcing the entirety of Tesla to join in his tantrum.

[–] topinambour_rex 20 points 1 year ago (3 children)

Delaware is considered as a tax haven.

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[–] Sgt_choke_n_stroke 19 points 1 year ago* (last edited 1 year ago) (5 children)

Good luck finding talent to move to texas

[–] vermyndax 22 points 1 year ago

Good luck finding talent who wants to work for Elon Musk

[–] phoneymouse 6 points 1 year ago

It doesn’t matter where you’re incorporated. Previously, he was incorporated in Delaware, but had an HQ in California. Actually, most US corporations are incorporated in Delaware because the small state with not much else going for it has very very business friendly laws.

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[–] [email protected] 6 points 1 year ago (1 children)

Fair, but this is talking about where the company is incorporated, which isn't the same as where they're physically operating from.

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[–] TheDarkKnight 49 points 1 year ago
[–] db2 32 points 1 year ago

Will someone please put him in a little submarine already? He's annoying af. The bullies that beat him up at school shouldn't have pulled their punches, and that's not something I'd say lightly.

[–] [email protected] 31 points 1 year ago

As a shareholder I can’t wait to hit the “no” checkbox.

[–] dhork 18 points 1 year ago (1 children)

He's gonna run for President of the Republic of Texas after the Civil War II, isn't he?

[–] [email protected] 7 points 1 year ago (1 children)

Because they looooove immigrants…

[–] machinin 5 points 1 year ago (1 children)

He's white, so it doesn't matter.

[–] [email protected] 9 points 1 year ago

but he’s “African-american!"

[–] RizzRustbolt 15 points 1 year ago

Elon Musk: Business Mastermind

;P

[–] [email protected] 13 points 1 year ago

Switching states again?

[–] dynamojoe 8 points 1 year ago (2 children)

My paltry few shares will vote No.

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