Comment on Musk says Tesla will hold shareholder vote ‘immediately’ to move company’s incorporation to Texas

fidodo@lemmy.world ⁨9⁩ ⁨months⁩ ago

• Voroxpete@sh.itjust.works ⁨9⁩ ⁨months⁩ ago

  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.

  source

  • topinambour_rex@lemmy.world ⁨9⁩ ⁨months⁩ ago

    Delaware is considered as a tax haven.

    source

    • M500@lemmy.ml ⁨9⁩ ⁨months⁩ ago

      I think it’s because Delaware has really lax laws on incorporating and a special court just for corporate stuff so legal issues can get sorted quickly.

      source

      • topinambour_rex@lemmy.world ⁨9⁩ ⁨months⁩ ago

        Still a tax heaven.

        source

        • -> View More Comments
• Sgt_choke_n_stroke@lemmy.world ⁨9⁩ ⁨months⁩ ago

  Good like finding talent to move to texas

  source

  • vermyndax@lemmy.world ⁨9⁩ ⁨months⁩ ago

    Good luck finding talent who wants to work for Elon Musk

    source
  • phoneymouse@lemmy.world ⁨9⁩ ⁨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.

    source
  • StaticFalconar@lemmy.world ⁨9⁩ ⁨months⁩ ago

    Texas has Nasa and Texas instruments (they do more than make calculators). So its not impossible to find.

    source

    • KingThrillgore@lemmy.ml ⁨9⁩ ⁨months⁩ ago

      Texas Instruments is incorporated in Delaware.

      source
    • TransplantedSconie@lemm.ee ⁨9⁩ ⁨months⁩ ago

      Would you leave either of those to sleep on the floor of a car factory?

      source
• wizardbeard@lemmy.dbzer0.com ⁨9⁩ ⁨months⁩ ago

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

  source

  • Nastybutler@lemmy.world ⁨9⁩ ⁨months⁩ ago

    They have their headquarters in Texas though

    source