EVNow
Well-Known Member
They definitely can - but to blame Delaware is hypocrisy …
And LOL on Elon needing money for Mars considering what he did with it. Should we call that bait & switch ?
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
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And LOL on Elon needing money for Mars considering what he did with it. Should we call that bait & switch ?
Agreed. Or how about the fact that he was sleeping in the factory to make sure the Model 3 lines were getting fixed? Late nights. hard work. sure, he can have his package.
Artful Dodger
"Neko no me"
roto-REUTERS:
Aah, so this is why short-faced bares have refused to let go of their bone: They KNEW and the Chancery Court of Delaware is the source of the leaked decision which was made 1 year ago.
Looking at the SP since that day with this information (which the Chancery Court withheld from shareholders) explains a lot.
And the Court hanging its judicial hat on the 'fairness' issue is the ultimate hypocrisy*:
noun
the practice of claiming to have moral standards or beliefs to which one's own behavior does not conform; pretense.
Aah, so this is why short-faced bares have refused to let go of their bone: They KNEW and the Chancery Court of Delaware is the source of the leaked decision which was made 1 year ago.
Looking at the SP since that day with this information (which the Chancery Court withheld from shareholders) explains a lot.
And the Court hanging its judicial hat on the 'fairness' issue is the ultimate hypocrisy*:
hy·poc·ri·sy
/həˈpäkrəsē/noun
the practice of claiming to have moral standards or beliefs to which one's own behavior does not conform; pretense.
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Moving headquarters to Texas from California saved on taxes. Tesla has always been incorporated Delaware
What was there that needed vetted? We all had access to the full plan.
Shouldn’t matter what he spends it on. It was his compensation. No contract was made that he MUST spend it on anything specific.
The “bait and switch” is the court on behalf of a “shareholder” with a whopping 9 shares has just wiped billions of dollars away from shareholders that supposedly the court is trying to “protect”.
Three years isn’t a very long timeline in investing. The end goal of owning equity in a company is to get dividends paid out from the company’s cashflow, so I think the argument would be that the decreased dilution is what would benefit shareholders in this for the actual long haul — higher EPS, higher cashflow per share, that means more dividends per share right.
In terms of drafting a new compensation plan, am I incorrect here or would a new compensation plan giving equivalent ownership or up to 25% for Elon mean much bigger hit to Tesla’s books today than it would have been in 2018? 10% of Tesla today is $60billion, or can they backdate this or something?
This is what's blowing my mind. That a guy with nine shares together with one single judge can overturn what a board of directors plus a majority shareholder vote said yes to. It doesn't feel legally nor morally just to me...
It's a normal thing, corporate redomestication.
It’s soooooo cool that he makes these huge decisions based on polls from people who mostly have no idea about anything at all. Really love it.
EVNow
Well-Known Member
LOL on how you go all legalistic and "not in the contract" .... when it comes to Elon's actions vs "intentions".
Read all about the corruption of the Delaware Chancery Court: This is how chancery court corruption threatens Delaware’s economic future | Opinion
powertoold
Active Member
EVNow
Well-Known Member
There is a reason it was incorporated in Delaware and not California ... I believe it has something to do with taxes. A lot of companies do that ... not just TSLA. Microsoft makes a lot (most?) of its sales from a Nevada subsidiary, for eg.
Be calm, and it's worth listening to this discussion below. Some really thoughtful analysis. There is every chance that as a result of this Elon may come out the other side in a better position.
powertoold
Active Member
Well Elon certainly doesn't seem happy about it
I can't say I blame him, if it had happened to me I'd be very upset about it! Elon worked incredibly hard to get Tesla where it is today.
Why would he be happy? Its going to cause confusion in the short term for many people which is not a good thing. It's a crazy ruling...... the discussion above talks about the ways the board may deal with it and there is a good chance that it can be dealt with in such a way that is good for both Elon and shareholders.
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