Elon Musk hints at Tesla move to Texas after $55bn pay snub
The setback is Musk’s latest in Delaware after the billionaire surrendered in his battle to renege on his $44 billion offer to buy social-media platform Twitter
Shortly after a Delaware judge voided Elon Musk’s $55 billion Tesla compensation package, the billionaire took to social media to vent his feelings: “Never incorporate your company in the state of Delaware.”
Musk’s sour sentiments about Delaware should come as no mystery given his costly legal setbacks in the state.
Musk was hit with a ruling Tuesday invalidating his 2018 pay package — the largest in US corporate history — after an investor claimed it ...