Tesla: Elon Musk moves to shift firm’s legal home to Texas

  • By Mariko Oi
  • Business reporter

Image source, Getty Images

Elon Musk says Tesla will move immediately to hold a shareholder vote on shifting the firm’s legal home from the US state of Delaware to Texas.

It comes after a judge in Delaware annulled Mr Musk’s $55.8bn (£44bn) Tesla pay package.

After the ruling, he posted on social media: “Never incorporate your company in the state of Delaware.”

Many big firms, including Amazon, are registered…

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