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 (www.forbes.com.au)

submitted 7 months ago by L4s@lemmy.world to c/technology@lemmy.world

69 comments fedilink hide all child comments

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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[–] darkmatternoodlecow@programming.dev 103 points 7 months ago (39 children)

What a fucking loser.

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[–] fidodo@lemmy.world 74 points 7 months ago* (last edited 7 months ago) (3 children)

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

[–] Voroxpete@sh.itjust.works 62 points 7 months 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@lemmy.world 17 points 7 months ago (3 children)

Delaware is considered as a tax haven.

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[–] Sgt_choke_n_stroke@lemmy.world 17 points 7 months ago* (last edited 7 months ago) (5 children)

Good luck finding talent to move to texas

[–] vermyndax@lemmy.world 19 points 7 months ago

Good luck finding talent who wants to work for Elon Musk

[–] phoneymouse@lemmy.world 4 points 7 months 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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[–] wizardbeard@lemmy.dbzer0.com 4 points 7 months 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@lemmy.world 41 points 7 months ago

Man child

[–] rusticus@lemm.ee 28 points 7 months ago

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

[–] db2@lemmy.world 28 points 7 months 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.

[–] RizzRustbolt@lemmy.world 13 points 7 months ago

Elon Musk: Business Mastermind

[–] pineapplelover@lemm.ee 11 points 7 months ago

Switching states again?

[–] dhork@lemmy.world 10 points 7 months ago (1 children)

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

[–] gregorum@lemm.ee 4 points 7 months ago (1 children)

Because they looooove immigrants…

[–] machinin@lemmy.world 4 points 7 months ago (1 children)

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

[–] gregorum@lemm.ee 6 points 7 months ago

but he’s “African-american!"

[–] dynamojoe@lemmy.world 5 points 7 months ago (2 children)

My paltry few shares will vote No.

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[–] 1984@lemmy.today 3 points 7 months ago

Wow, look at that full screen ad behind the text... Lols.

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