Elon Musk says Tesla shareholders to vote ‘immediately’ on moving company to Texas
NY Post
Elon Musk said Tesla shareholders will hold a vote “immediately” on whether to change its state of incorporation to Texas — shortly after a Delaware judge shockingly decided to tear up his $56 billion pay package.
The mercurial tech billionaire made the announcement after conducting an informal poll on X about a potential relocation.
An overwhelming 87.1% of the more than 1.1 million users who responded to the poll as of Thursday agreed that Tesla should move to Texas, while just 12.9% disagreed.
“The public vote is unequivocally in favor of Texas!” Musk wrote on X. “Tesla will move immediately to hold a shareholder vote to transfer state of incorporation to Texas.”
Musk didn’t elaborate on the plans.
Tesla didn’t immediately respond to a request for comment.
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