You're right, as the Chancellor already argued, he was already fantastically rich off Tesla stock, so he has already been paid and doesn't need more from Tesla to maintain alignment with them as a public company.
Sadly for Delaware they probably miss out on oodles of tax revenue in this scenario wouldn't they?
Tax is owed where it is earned, not where the company is incorporated.
The shareholders have to approve this and it's very unlikely as shareholders actually like having companies incorporated in places where they actually have a chance of resolution if the company misbehaves. There is basically no reason for any logical person to approve this except the deepest of Elon stans who just think he's the dreamiest. I mean they are basically telling shareholders "please let us move to TX so that we can lie to you and not be held accountable!"
Maybe. Good leaders create a culture of respectful conflict to achieve the best outcome while also maintaining decision authority and overruling when necessary.
No, just like you get taxed where you earned your income, Elon pays taxes in the place he earned it. If you work from home you don't pay taxes where the company is incorporated, you pay it for your home address.
goodNACS Rollout timelines appear to be slipping:
Non-Tesla Access to Supercharger Network in Flux as Timelines Slip
The next batch of EV brands are slated to get access to Tesla's charging network in 'spring 2024,' but at least one brand tells PCMag it's not happening until later this year.www.pcmag.com
pcmag is a strange media source to find and publish this news. I'm a little skeptical. It matches what we have seen, that the Ford and Rivian nacs adapter rollout has been really slow, with no explanation. Rivian had about 50-100 people get theirs from media reports, online reports didn't find any optimistic projections of timelines. Similar thing for Ford. Those adapters aren't hard to make, many 3rd party companies are now making them. Something is going funny there.NACS Rollout timelines appear to be slipping:
Non-Tesla Access to Supercharger Network in Flux as Timelines Slip
The next batch of EV brands are slated to get access to Tesla's charging network in 'spring 2024,' but at least one brand tells PCMag it's not happening until later this year.
Or it could be typical Tesla parts stocking speed. Tesla wasn't exactly fast in stocking their CCS adapters (for Teslas) nor many parts in their store (like the 14-50 adapter for example).
looks like they got 72% vote.. think that'll be enough? or do you still think he'll walk away with "nothing" lol
My guess is that the Delaware judge still rejects this "vote" and they have to complete the move to TX and start again with a whole new proposal.
Or was the process flawed in the first vote and the new vote is a due process re-afirmation of the shareholders wishes. Seems, despite all the attacks, they still believe Elon Musk is an integral part of Tesla's future.
Yeah, seems like that is the attempt. IANAL, so can't tell if the second vote really is enough to make the difference in this regard. It really depends on if the Delaware judge bought that the 2nd vote was done in a "fully informed" manner (which she argued the first one was not in her opinion). However, even if that was determined as "fully informed" all that does is shift the burden of proof of "entire fairness" back to the plaintiff, but yet the judge already made the determination that the defendant failed to prove "entire fairness," so not sure how that plays out.
I think most of the shareholders recognize that whether or not he's doing a reasonable job, Musk leaving (which he would probably do if the pay package got rejected) would crater the stock.
at least its a state i live nowhere near, and at least tesla has a ton of charging stations already, but for me who has free supercharging at tesla stations still, it will suck to see their network not expanding as fast as it once was.
