it the spirit of fairness, lets not forget DE is not all bad
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However, Im still voting yes to move to Texas. The simple fact that a judge can overturn a 6 year old contract that has already been fulfilled to everyone's satisfaction just spat in the face of shareholder autonomy.
There is only one group of people who are allowed to beat up Elon Musk and thats us!
The "...everyone's satisfaction..." comment is not true.
I think the first time this was voted on back in 2018, around 30% rejected the proposal so it wasn't that ALL shareholders wanted this actually. I suppose that's the downside of any public company and possibly/maybe why SpaceX, Boring, Neural Link, xAI, etc will never go public, especially with companies able to tap secondary markets to sell stock without a public offering now. That's just the negative/downside of any public corporation now.
It's similar to how all of society is now pretty much, should the non-majority be silenced or have no voice just because say, 51% wants one thing and folks assume that's what everyone wants when people say the shareholders have spoken? You can look at this with how things are in CA, TX, FL pretty much any country/state/vote, but it's not true that 100% shareholders supported the comp plan, even back then. If more people wanted to file suit, you could have Uncle Leo with his millions of shares file a suit too (when people bring up that pathetic 9 share owner brought the suit).
I guess the answer from folks here is then for the "winners" of a close vote, to say, well, if you didn't get your way, just sell the stock (or move out of the state), but my only reason for replying is that no, it wasn't a unanimous choice for a fairly large amount of shareholders, even back then.
To combine posts here:
I think Delaware also doesn't tax intellectual property so moving will force Tesla to pay a few hundred million in profits I've read a while back. There is probably valid reasons that DE is known to be pretty business friendly and why the majority of companies are incorporated there, but shareholders can have their say soon.