Elon Musk has said Tesla will hold an investor vote on whether to move the carmaker’s corporate registration to Texas, after a court judgment in Delaware that voided his $56bn pay package.
Tesla will “immediately” hold a shareholder vote on whether to transfer its incorporation from Delaware to Texas, the billionaire wrote in a post on his social media platform X on Wednesday night.
Musk cited an earlier poll he posted on X asking: “Should Tesla change its state of incorporation to Texas, home of its physical headquarters?” The result showed 87.1 per cent of 1.1mn voters thought the electric-car maker should change its state of incorporation.
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