Submitted 9 months ago by L4s@lemmy.world [bot] to technology@lemmy.world
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.
To the state that can’t even keep their power grid up during the winter?
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.
Delaware is considered as a tax haven.
Good like finding talent to move to texas
Good luck finding talent who wants to work for Elon Musk
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.
Texas has Nasa and Texas instruments (they do more than make calculators). So its not impossible to find.
Fair, but this is talking about where the company is incorporated, which isn’t the same as where they’re physically operating from.
They have their headquarters in Texas though
Man child
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.
As a shareholder I can’t wait to hit the “no” checkbox.
He’s gonna run for President of the Republic of Texas after the Civil War II, isn’t he?
Elon Musk: Business Mastermind
;P
Switching states again?
My paltry few shares will vote No.
Do you have voting shares?
Si. I’m a buy-and-hold investor and so far, so good. I wish I had bought more. I’m up about 700% (it was much more at the beginning of the year). I’ve informed my decision on this as moving stakes to TX may open Tesla to significant legal liability and it’s being done solely in order to overpay the CEO, who is prone to making bad decisions. Overall I’m less than a drop in the bucket but I’m against it.
Hey Tesla - last chance, man. Shiv this guy or start packing up.
Tesla is a meme stock that would sink if he was gone. The problem is it’s also what gives him his billions.
Wow, look at that full screen ad behind the text… Lols.
darkmatternoodlecow@programming.dev 9 months ago
What a fucking loser.
BearOfaTime@lemm.ee 9 months ago
Wow, what insightful analysis and commentary.
You call him a loser, some whose been responsible for the development of the first truly reusable rockets, beating any other system for cost to orbit by a couple orders of magnitude. He’s rolling in so much dough he could squander pretty much all of it for the rest of his life, but instead chose to do something with his money and influence.
I mean, yea, I don’t personally like the guy, but what a shit take, no observation upon the how’s/why’s of what he’s doing, just an insult.
He clearly has some kind of agenda. To just dismissively name call prevents any opportunity to discover what he’s up to. I’ll admit I can’t figure him out. With Twitter it seems he’s all about destroying the platform, which is a good thing in my mind. But SpaceX has done more than anyone else to reduce cost to orbit, material consumption, and develop more environmentally friendly fuels.
Do you really think he’s just making emotional decisions? Someone who’s been described as being on the autism spectrum by some folks?
What have you done again? Glass houses and all that, ya know?
Red_October@lemmy.world 9 months ago
He’s a fucking loser, and he’ll never love you no matter how much you hope he notices you.
Musk isn’t an Engineer. He hasn’t designed anything, the extent of his responsibility for anything of value is telling other people, smarter people, to invent something. He doesn’t create, he buys existing companies then parades around like he’s the one that started them.
You want a shit take? Take a look at how far out of your way you went to defend him and you’ll see that shit take. He hasn’t used his money to improve shit. He used it to burn 20+ billion dollars on a global communications platform and turn it into a cesspit of lies and nazis.
So yeah, we’ll dismiss him. Elon Musk is a fucking idiot that doesn’t know when to shut the fuck up and throws a tantrum every time he’s handed a loss.
Socsa@sh.itjust.works 9 months ago
Babe, wake up new Musk pasta just dropped
GissaMittJobb@lemmy.ml 9 months ago
Is this a new copypasta?
Voroxpete@sh.itjust.works 9 months ago
I was just going to ignore this obvious bootlicking, but this part, right here, needs to be called out;
Let me be absolutely clear about something; you do not have the slightest fucking clue how autism works. I don’t even care if you personally are autistic; that just means you’re an autistic person who doesn’t have any fucking clue how autism works.
Autistic people are highly emotionally responsive. In fact most of what we struggle with is the sheer fucking intensity with which we feel things. The idea that we’re emotionless hyper logical robots is a bullshit fantasy pushed by badly written fictional stories that use autism as some kind of superpower (and usually as an excuse for a male protagonist to get away with being a total asshole towards everyone around them; especially women).
Your comment entire comment is basically a shrine to “reasons why this person should shut up forever”, but in particular I’m going to recommend that you never breathe another word about autism for as long as you live.
And if, somehow, you are an autistic person who believes this shit; get therapy.
partial_accumen@lemmy.world 9 months ago
Did you not read the article before responding? Its right in the first sentence:
“Tesla CEO Elon Musk on Thursday said the electric vehicle maker will hold a shareholder vote to transfer the company’s state of incorporation to Texas, after publicly lashing out at Delaware—where the company is currently incorporated—over a court decision that voided the billionaire’s massive $50.9 billion pay package.”
The How’s and Why’s is because Tesla is incorporated in Delaware, a state famously favorable to businesses, and he lost a court ruling that is going to affect his wealth. There’s no changing that ruling, but moving would mean different but not better legal challenges going to Texas.
Further, he’s claiming he’s making this move because of a Twitter poll! Twitter has become extremely polarized since Musk’s purchase has become more of an echo chamber of “yes men” gravitating to Musk’s extreme positions. So he has a biased audience and putting it to a vote seemingly to try and add legitimacy to the decision. That is either deceitful because he knows they’re “yes men” or terrifyingly out-of-touch that he doesn’t know they’re “yes men” affirming his decisions because he’s asking for affirmation.
This is a massive failure either transparency or of self-awareness. Someone with Musk’s wealth and influence should do much much better than that.
CarbonatedPastaSauce@lemmy.world 9 months ago
A+ troll, 10/10.
Gork@lemm.ee 9 months ago
Yes. Absolutely.
TxzK@lemmy.zip 9 months ago
Babe wake up. New copypasta just dropped
wildcardology@lemmy.world 9 months ago
Wait… Musk developed the rocket? Not his engineers? And also he based the shape of the rocket from the movie the dictator.
assassinatedbyCIA@lemmy.world 9 months ago
Are you really that desperate to make out with musk?
PPQ@lemmy.world 9 months ago
So…what does Elon’s cock taste like?
EvilBit@lemmy.world 9 months ago
What a fucking loser.
Arcane_Trixster@lemm.ee 9 months ago
What a nerd
topinambour_rex@lemmy.world 9 months ago
What he did ?
He did a poll on a social network, avout a company.
Question : why he didn’t made a poll along the shareholders of this company instead ?
Lemonparty@lemm.ee 9 months ago
Is it hard being as stupid as you are? Like, I mean, does it hurt? Cause it hurts the rest of us, let me tell ya.
Sgt_choke_n_stroke@lemmy.world 9 months ago
Go back to reddit where you can dick ride musk all you want
Pyr_Pressure@lemmy.ca 9 months ago
Personally if there was an opportunity for a freaky Friday situation and I could switch lives with Musk, I would turn that down in a heart beat.
He’s rich, and did contribute to some impressive things in the past (he did not accomplish them himself), but that’s really all he has going for him.
He’s not a good person, most people dislike him, I don’t find him to be very intelligent in a lot of areas, his wife left him, all he has is money. I don’t think it would be a very good trade.
KingThrillgore@lemmy.ml 9 months ago
Funny, he’s actually building a glass house of his own.
Wanderer@lemm.ee 9 months ago
You made a mistake.
Musk bad = world class comment.
Anything else = terrible.
VampyreOfNazareth@lemm.ee 9 months ago
It’s bored trustfund kids trying to be cool.