Ahh, Delaware. The home to "business - friendly corporate laws and tax benefits." Obviously times have changed. Good for him moving the incorporation to Texas.
[URL unfurl="true"]https://www.foxbusiness.com/business-leaders/tesla-texas-elon-musk-announces-major-shareholder-vote[/URL]
If this doesn't explain it, nothing will.
Reuters
[HEADING=2]Explainer: The case against Elon Musk's $56 billion pay package[/HEADING]
By [Jody Godoy]('https://www.reuters.com/authors/jody-godoy/') and [Tom Hals]('https://www.reuters.com/authors/tom-hals/')
January 30, 20245:25 PM ESTUpdated 2 days ago
[SIZE=5]An investor named Richard Tornetta sued Musk and several Tesla directors in 2018, claiming Musk's pay package was unfair. While Tornetta held just nine Tesla shares,[/SIZE] the deal had also been criticized by major pension fund California State Teachers’ Retirement System (CalSTRS) and proxy advisory firms, who viewed the deal as too large.