Just when you thought the news of Elon Musk’s Texas takeover was over, he seems to just be scratching the surface. The City of Austin may soon be home to more than just Tesla’s Gigafactory.
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Musk announced last week that Tesla will hold a shareholder vote to move the incorporation of the company to its headquarters in Texas. His plans come after he disagreed with a court decision in Delaware, the state where the company is incorporated.
The CEO of Tesla previously asked the public on X whether or not he should shift the incorporation of the EV company from Delaware to Texas, in which he received over 1.1 million responses. Musk referenced the poll on Thursday, February 1, and wrote, “The public vote is unequivocally in favor of Texas!”
On Tuesday, January 30, a Delaware judge denied his nearly $56 billion pay package at Tesla. The billionaire is not paid a salary for his work leading Tesla, his pay package is based instead on goals tied to the company’s financial growth, Business Insider reports.
