The move comes after a Delaware judge nullified the $56 billion pay package of the billionaire founder and CEO of Tesla, an electric vehicle manufacturer, earlier this month. The CEO said he will organize a shareholder vote to change Tesla’s state of incorporation to Texas, where the company maintains its headquarters.
“The public vote is unequivocally in favor of Texas! Tesla will move immediately to hold a shareholder vote to transfer state of incorporation to Texas,” Musk declared earlier this month on X, following a poll in which 87% of participants supported the company’s move to change its incorporation state to Texas.
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