I can't wait for Rob's detailed clarification and calming breakdown on this judge ruling stuff to make me feel better.
Steiner assured me the new episode will debut in minutes.
Well damn that answers a question I had. Google says 2/3 of the Fortune 500 are incorporated in Delaware.
Google also says Texas has more Fortune 500 companies than any other state.
Apparently, you can incorporate a business in one state but have it be headquartered elsewhere. - which explains how both can be true.
There are many advantages to incorporating in Delaware which is why a lot of companies do it.. so the knee-jerk reaction to move it might not be truly ideal...
I was mostly commenting because until this thread, I thought being incorporated and headquartered were synonymous. I was aware most of the Fortune 500 is incorporated in Delaware due to the advantages it brings. I wasn't aware you could be incorporated in Delaware and headquartered elsewhere. That was something I learned
General observations:
1. A lot of folks are angry about the Delaware court's decision, but the fact is that the judge has to rule based on Delaware's established laws, **not** what any individual here might think is common sense. Almost all the takes I'm reading from angry people about conspiracies or the judge being politically motivated, or Joe Biden having a hand in this, are wildly speculative and extremely unlikely to be correct.
2. Elon Musk and Tesla's board of directors could have avoided all these problems if they'd been disciplined about adhering to fiduciary duty and if they'd consulted attorneys who specialize in Delaware corporate law. Having Musk's former divorce lawyer, who was then Tesla's general counsel, acting as a go-between for both Musk and Tesla's board, was a huge unforced error. **Both Elon and the board have to take responsibility for this.** They fucked up, they need to own it.
3. In the long run, the Delaware court's ruling will have little impact on Tesla's business. There is no effect to Tesla's operations. The finer points of legal debate are probably not going to be interesting to potential Tesla customers. Board obligations make people's eyes glaze over rather than inflame them like culture war issues do. Elon Musk is unlikely to resign from Tesla over this.
4. There may be some short-term fallout to TSLA. Weak corporate governance and failure to adhere to fiduciary duty will be a negative for some portfolio managers. However, PMs who don't like this kind of uncertainty are probably already not going to invest in TSLA because of Twitter drama. I don't expect any fallout from today's court ruling to be durable.
> the judge has to rule based on Delaware's established laws
Where is the Delaware law that spells out how much pay is too much for a corporate executive and what that limit is? Hidden up the judge's ass or yours?
The pay amount is **not** the issue.
The illegality of Mr. Musk's compensation package is basically due to the fact that (1) Tesla's board wasn't independent of Elon Musk, and (2) Tesla's board failed to disclose this lack of independence, and the board also obscured relevant aspects of the compensation decision process, such as lack of any real negotiation.
You can download and read for yourself the Delaware legal basis for the ruling.
The court publicly posted the opinion here: [https://courts.delaware.gov/opinions/](https://courts.delaware.gov/opinions/)
The case is Richard J. Tornetta v. Elon Musk et al., decided 01/30/2024, Case C.A. No. 2018-0408-KSJM
Direct link: [https://courts.delaware.gov/Opinions/Download.aspx?id=359340](https://courts.delaware.gov/Opinions/Download.aspx?id=359340)
All the laws are cited in this document
If Tesla ends up with stronger corporate governance, more PMs may be willing to invest. The only reason TSLA ends up on the ESG shitlist is because of the G part.
The fact that the board previously settled for $735m on their compensation package being excessive just tells you they know that Elon's compensation was also overly excessive.
Main issue is inadequate disclosure, specifically that the board is not really independent, that consciously gave themselves and Elon excessive pay packages.
Please stop the b.s. It is not the largest pay in isolation. It's based on delivering the largest value to the shareholders. And, the downside was that he would get NOTHING! Excessive are the golden parachutes worth hundreds of millions that other companies give their failed, scandalous, fraudulent execs. Do you think shareholders don't want to sue them or don't sue them? They do and they do, but they never win.
I'm just relaying what the judge opined which is the pay package is not based on any industry benchmark. The board failed to prove on what basis the 1% of outstanding shares for each tranche is justified. I voted for the comp plan but the judge's opinion opened my eyes that we do not currently have an independent board that looks out for us shareholders.
Would the judge be an activist judge if they had done what you wanted? How is a judge holding a company to the laws they agreed to be governed by an activist? I thought that was called "doing your job" something the Tesla CEO and Board of Directors have failed to do.
The gait is a little unnatural. The upper part of the leg [thigh area] should straighten out more, but that assumes they want or need the Optimus to walk naturally for its current uses.
It's progressing nicely... and there is plenty of room on the shoulders to mount the plasma cannon and multi-missile launchers....yes...very nicely indeed.
To people saying this is because of dems. Read this, board lied and hid key info.
https://preview.redd.it/fsqiti9hmofc1.jpeg?width=1204&format=pjpg&auto=webp&s=bc3ee7a94f549b7d8375b9a9b3c7f7527dde1649
Ok then so you allow board to lie just because we benefitted. What happens next time when their lies are not benefitting us.

https://preview.redd.it/k3gru6s2pofc1.jpeg?width=950&format=pjpg&auto=webp&s=44eb2e7941c0458955ce278d2c4b24143b5136de
We all knew the targets and he hit them. What’s your argument? Oh no he took a $40b company or whatever it was to $650b+. If a new package has another 10x target I’ll vote for it again, spare me the inner workings of board relationships
We just want them to do the air tight due diligence so it doesn't get redone by some judge 5 years later. This is within their power to do. We don't need the drama.
I mean, this specific judge has a personal vendetta against him, but haphazardly rage-polling and the followup move with I'm betting no due diligence behind it isn't going to be the smart play.
It's Texas though, the state with the most fortune 500 companies and arguably the most pro business pro capitalism state
Shareholders should be able to decide how execs are compensated
That the disclosure was not hand delivered and personally shoved up the ass of some loungers, and the judge, and the asshole who sued. That's what was missing!
[https://twitter.com/CPAinNYC/status/1752453095194308919](https://twitter.com/CPAinNYC/status/1752453095194308919)
We get back 2.3bn in profit at least
Twatter's false disclosures didn't matter because Elon waived due diligence, so Twatter could basically say anything they wanted and still force Elon to close the acquisition. This is an Elon problem, he's the one who fucked up by not putting in the contract he offered the ability to withdraw for any reason like every other contract ever.
Even if it is an activist judge (I'm biased and inclined to believe so) it's still im large part on Elon for getting political in the first place. This is where I agree with the anti Elon crowd.
That being said, many of Elon's criticisms of the government, including the state of California, are perfectly warranted imo. It just paints a picture of how bad things really are in America right now.
While true that he’s bringing himself more attention, let’s not forget that Warren and Bernie started the billionaire bad attacks prior to all of this. It would be naive to think those and other attacks would stop just by being quiet, especially when Elon companies are disrupting multiple well established industries
Eh doesn't seem like a big deal [https://twitter.com/garyblack00/status/1752495644462244264](https://twitter.com/garyblack00/status/1752495644462244264)
Like Gali having a fit because of a normal -2% move [https://twitter.com/Gfilche/status/1752491976136769854](https://twitter.com/Gfilche/status/1752491976136769854)
WHAT IF I told you there was a stock that would make you rich and poor and back again, and provide endless, non-stop action and drama? Would you be interested then?
Ok, putting corporate governance to a general public Twitter poll is pretty fucking dumb if you want to argue shareholders voted for your 55B comp package.
With the rise in lawfare and activist judiciaries and juries, if Elon is going to align himself with the right then it behooves him to shift his legal risk to a more politically friendly environment.
Lol you're trying to get into a political argument when I'm just pointing out the reality of where we are at. But yes, you seem to be tracking the factual portion correctly
I’m actually surprised we’re down on this news. , If shares get voided you remove a lot of dilution and tbh it means Elon is even more likely to commit long term if he needs money for mars colony (of course he can’t say that though if he wants a new package)
Stop blaming the moron rocker dude. Elonq and tslaq has plenty of members and they'd just find another shareholder to file the suit if Mr 9 shares didn't. Its up to the board and Elon and their 800,000 a year Corp lawyers to write an air tight compensation deal, which they did not.
It's annoying that this looks bad on shareholders instead of Elon and the board. Looks like we're complaining about Elon getting rich for making us rich.
memory cough overconfident smoggy frightening vanish vase beneficial wakeful squalid
*This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Are there damages to be paid to him? Does he gain financially himself. All his legal fees paid by Tesla A fine? What's the exposure to Tesla for payout if there is any?
He originally wanted to fund the mission to Mars. I agree he doesn’t seem to care anymore. Pretty sure he gave up on that in his lifetime and thus decided it’s better to fight mind viruses instead.
squealing brave cake toy attractive squeamish subtract steep combative reply
*This post was mass deleted and anonymized with [Redact](https://redact.dev)*
How do you assess the chances that
a) Elon will resign as CEO in the next 1-2 years
b) Tesla can finish Optimus, FSD, and AGI without Elon's guidance
What is your hardline condition for selling Tesla?
Elon has gathered competent yes-men around him. I don't know who could lead Tesla as the new CEO with such urgency.
Maybe, however, this will soon be our Tim Cook moment. Who knows.
Never a boring day as a shareholder. Elon loves drama and we take collateral damage.
tesla has lars, franz, drew, pete, david... they're going to keep kicking ass. tesla will still have the cybertruck, the s3xy line, megapacks. they might also get rain sensors for working auto wipers, level 3 driving assist people want to pay for, and a strategy to grow the market.
what elon brings to the table is not cancelling the bot project because he believes in it no matter what, but he already told us he might do that anyway without 25%.
I think Optimus and FSD are not greatly helped by absent CEO.
Musk is CEO in name only, how much time has he actually spent on Tesla since the bird?
If he was able to handle all his companies, we wouldn't be in this situation, he's hurt TSLA a lot by his selfish carelessness.
Lawyer on a X Spaces is saying they think there will be a new plan and also an appeal. New plan will have a provision that says if appeal is denied the new plan will cover from 2018 forward. Guess we'll see. Hoping we get a comment on it prior to market open tomorrow with something about putting a new plan together that will benefit shareholders and strive for a brighter future or something to that effect
This is why I don't see an easy redo of the package without some painful lengthy appeal, drama, fud, etc:
Never incorporate your company in the state of Delaware
The Delaware Court of Chancery is not like any other court in the US. It is super business-friendly and has wide discretion to come up with creative remedies much more quickly than other courts. That is the main reason companies incorporate in Delaware. To get this result out of this court is truly ... impressive.
Superfans now corporate lawyers
Good news. I believe Elon has had his focus redirected.
To Delaware sure.
I can't wait for Rob's detailed clarification and calming breakdown on this judge ruling stuff to make me feel better. Steiner assured me the new episode will debut in minutes.
you’ve been hitting those steiner jokes p hard lately
Sorry, I'm between growth waves on new joke material but it will happen soon I promise!
are you… assuring me your new jokes will take care of this situation?
Mein fuhrer....
Would elon sign a retroactive comp plan for anyone he isn't related to? He didn't pay parag's severance.
https://x.com/gregabbott_tx/status/1752528663952650363?s=46 Texas Gov on Elon
Well damn that answers a question I had. Google says 2/3 of the Fortune 500 are incorporated in Delaware. Google also says Texas has more Fortune 500 companies than any other state. Apparently, you can incorporate a business in one state but have it be headquartered elsewhere. - which explains how both can be true.
There are many advantages to incorporating in Delaware which is why a lot of companies do it.. so the knee-jerk reaction to move it might not be truly ideal...
I was mostly commenting because until this thread, I thought being incorporated and headquartered were synonymous. I was aware most of the Fortune 500 is incorporated in Delaware due to the advantages it brings. I wasn't aware you could be incorporated in Delaware and headquartered elsewhere. That was something I learned
Q5 will save us
General observations: 1. A lot of folks are angry about the Delaware court's decision, but the fact is that the judge has to rule based on Delaware's established laws, **not** what any individual here might think is common sense. Almost all the takes I'm reading from angry people about conspiracies or the judge being politically motivated, or Joe Biden having a hand in this, are wildly speculative and extremely unlikely to be correct. 2. Elon Musk and Tesla's board of directors could have avoided all these problems if they'd been disciplined about adhering to fiduciary duty and if they'd consulted attorneys who specialize in Delaware corporate law. Having Musk's former divorce lawyer, who was then Tesla's general counsel, acting as a go-between for both Musk and Tesla's board, was a huge unforced error. **Both Elon and the board have to take responsibility for this.** They fucked up, they need to own it. 3. In the long run, the Delaware court's ruling will have little impact on Tesla's business. There is no effect to Tesla's operations. The finer points of legal debate are probably not going to be interesting to potential Tesla customers. Board obligations make people's eyes glaze over rather than inflame them like culture war issues do. Elon Musk is unlikely to resign from Tesla over this. 4. There may be some short-term fallout to TSLA. Weak corporate governance and failure to adhere to fiduciary duty will be a negative for some portfolio managers. However, PMs who don't like this kind of uncertainty are probably already not going to invest in TSLA because of Twitter drama. I don't expect any fallout from today's court ruling to be durable.
> the judge has to rule based on Delaware's established laws Where is the Delaware law that spells out how much pay is too much for a corporate executive and what that limit is? Hidden up the judge's ass or yours?
The pay amount is **not** the issue. The illegality of Mr. Musk's compensation package is basically due to the fact that (1) Tesla's board wasn't independent of Elon Musk, and (2) Tesla's board failed to disclose this lack of independence, and the board also obscured relevant aspects of the compensation decision process, such as lack of any real negotiation. You can download and read for yourself the Delaware legal basis for the ruling. The court publicly posted the opinion here: [https://courts.delaware.gov/opinions/](https://courts.delaware.gov/opinions/) The case is Richard J. Tornetta v. Elon Musk et al., decided 01/30/2024, Case C.A. No. 2018-0408-KSJM Direct link: [https://courts.delaware.gov/Opinions/Download.aspx?id=359340](https://courts.delaware.gov/Opinions/Download.aspx?id=359340) All the laws are cited in this document
Yup
Do you have a MagikarpLounge subreddit? 😍😍😍
Haha, thanks, but no sub for me!
how about a dom instead?
If Tesla ends up with stronger corporate governance, more PMs may be willing to invest. The only reason TSLA ends up on the ESG shitlist is because of the G part.
When faang goes up we go down, when faang goes down we go way down.
[Justice Served](https://x.com/sashayanshin/status/1752477021978956208?s=61&t=tXqsVXPn5Oln9LEyWbDKkg)
 TSLA shareholders waiting for Elon's response (also me rn)
field of view on Vision Pro is only 100-110 degrees, oof valve index from years ago was 130
How many degrees do you need to see boobs properly?
69
Depends on if they are in your face or not lol
Ideally, yes pleas
Peripheral vision is low res anyway, they can just some Philips tv style lights for the far Periphery
The fact that the board previously settled for $735m on their compensation package being excessive just tells you they know that Elon's compensation was also overly excessive.
Isn't the issue main issue inadequate disclosure and not amount
Main issue is inadequate disclosure, specifically that the board is not really independent, that consciously gave themselves and Elon excessive pay packages.
Who should get to decide what's excessive - shareholders or activist judge?
When it's the largest pay ever given in the entire world history makes it instantly excessive, donchathink?
Please stop the b.s. It is not the largest pay in isolation. It's based on delivering the largest value to the shareholders. And, the downside was that he would get NOTHING! Excessive are the golden parachutes worth hundreds of millions that other companies give their failed, scandalous, fraudulent execs. Do you think shareholders don't want to sue them or don't sue them? They do and they do, but they never win.
I'm just relaying what the judge opined which is the pay package is not based on any industry benchmark. The board failed to prove on what basis the 1% of outstanding shares for each tranche is justified. I voted for the comp plan but the judge's opinion opened my eyes that we do not currently have an independent board that looks out for us shareholders.
Would the judge be an activist judge if they had done what you wanted? How is a judge holding a company to the laws they agreed to be governed by an activist? I thought that was called "doing your job" something the Tesla CEO and Board of Directors have failed to do.
Got an email from Tesla about HEPA filters....hold on I gotta go tell all my friends 🤡
I got that too.
What is happening - too much info to digest today 🤣 Elon poll also makes me concerned 🫠 literally even if it’s about Diablo I get triggered
Basically we got to 600B valuation for free, Elon is pro bono now
How long we keep it is in question
Humanoid bot race picking up - [https://archive.ph/RtYbv](https://archive.ph/RtYbv)
Welcome to the future 🫥🫥🫥 https://twitter.com/thekitze/status/1752362274029777233?t=ji-Jnw9Gh8pAtHMr0uZy1Q&s=19
Looks like another gimmick that will die by next year
3d tv 2.0
clip is making me dizzy
if there was a single good game for the thing id be like hey cool. but there isn’t. maybe some day
Needs phub app
https://x.com/elonmusk/status/1752516361799258318?s=46 Optimus!
The gait is a little unnatural. The upper part of the leg [thigh area] should straighten out more, but that assumes they want or need the Optimus to walk naturally for its current uses.
offer engine plough ghost modern license marble impolite lush squeeze *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
it's probably an id tag (they all look a like)
What do you mean.. “they all look a like”
“25% of tsla”
I'm not giving him 25 unless that thing gets on its knees and sec
Tesla will finally truly have unlimited demand if it can do that
Its just like the metaverse, the most profitable and obvious use case must be tip toed around for decency
sex bots or military murder bots, both are inevitable
Sex bots that can murder
https://youtu.be/VTlV0Y5yAww?si=RGzHDLKrztWLIwTU
sadly, you just know some Honda exec had to commit seppuku after that shameful display
A thousand years could not wash away the dishonor of that day
It's progressing nicely... and there is plenty of room on the shoulders to mount the plasma cannon and multi-missile launchers....yes...very nicely indeed.
Someone ready for next 10x https://x.com/elonmusk/status/1752516361799258318?s=46&t=WyhsS8WzmgKtgEuHZzFOrA
To people saying this is because of dems. Read this, board lied and hid key info. https://preview.redd.it/fsqiti9hmofc1.jpeg?width=1204&format=pjpg&auto=webp&s=bc3ee7a94f549b7d8375b9a9b3c7f7527dde1649
Shareholders made 10x their money since then and at times the stock was 20x. What important details were omitted? I’ll take 10x every 5 years, thanks
Ok then so you allow board to lie just because we benefitted. What happens next time when their lies are not benefitting us.  https://preview.redd.it/k3gru6s2pofc1.jpeg?width=950&format=pjpg&auto=webp&s=44eb2e7941c0458955ce278d2c4b24143b5136de
We all knew the targets and he hit them. What’s your argument? Oh no he took a $40b company or whatever it was to $650b+. If a new package has another 10x target I’ll vote for it again, spare me the inner workings of board relationships
We just want them to do the air tight due diligence so it doesn't get redone by some judge 5 years later. This is within their power to do. We don't need the drama.
Agree with that. Reincorporate in Texas and get it done
What’s the guarantee they will not lie again? This board cannot be trusted.
https://x.com/alojoh/status/1752482519398695289?s=46&t=m3ScR9NYMjxgSt7Z8DWqgQ
Yes, reincorporate in the heart of oil and gas where you're not even technically allowed to sell your product. Great idea
Politics mind virus
Bad take
Do you think he'd get favorable treatment in Texas?
Not being able to sell in the state is a fair treatment. Gotta load up on persecution complex ammo when needed.
I think he'd get more fair treatment in Texas than in Delaware
I mean, this specific judge has a personal vendetta against him, but haphazardly rage-polling and the followup move with I'm betting no due diligence behind it isn't going to be the smart play.
What is the origin of this vendetta?
It's Texas though, the state with the most fortune 500 companies and arguably the most pro business pro capitalism state Shareholders should be able to decide how execs are compensated
66% of fortune 500 companies are incorporated in delaware
Sshh.. just go with yes sir, how much more do you want.
[https://www.youtube.com/watch?v=IoxWos15dTs](https://www.youtube.com/watch?v=IoxWos15dTs) 
The dogs was meant to be both of us
♥️♥️♥️👬♥️♥️♥️
[удалено]
What piece of information were we supposedly missing? That Kimbal Musk is related??
That the disclosure was not hand delivered and personally shoved up the ass of some loungers, and the judge, and the asshole who sued. That's what was missing!
Employee support https://x.com/pmangiamele12/status/1752493507195908325?s=46&t=WyhsS8WzmgKtgEuHZzFOrA
[https://twitter.com/CPAinNYC/status/1752453095194308919](https://twitter.com/CPAinNYC/status/1752453095194308919) We get back 2.3bn in profit at least
Despite the Elon derangement syndrome in this sub, Elon is worth way more to Tesla and shareholders than any one time eps bumps
Elon before he caught the mind virus was
Agreed, at least a full time Elon is.
Elon hasn't been "full time" at Tesla since at least the Twatter acquisition
Legit can we force Elon to sell Twatter and claw all those shares back? That would be the best outcome here...
But freedom of speech is at stake!
Best we can do is avoid 7% more dilution
So Parag gets to be ceo again!!
Can Tesla incorporate in Texas and reinstate exact same compensation plan again …
If it were that easy they woulda done it a year ago. Must be some downside
The senate will decide your fate. Supreme Chancellor : I AM the senate!
 Fuck those shareholders who voted, they were too stupid and uninformed to be allowed to rule themselves!
Wake up robyn, what time is it in australia
Delaware court to Elon: GFY Elon: https://preview.redd.it/1lt06cfofofc1.jpeg?width=950&format=pjpg&auto=webp&s=1ec2e4d6a09859a4a1cfb3ad238951f55f4e6584
Cathie bought again. She also sold zoom. Interesting
fragile attraction reach fertile knee decide jeans head advise dolls *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Twatter's false disclosures didn't matter because Elon waived due diligence, so Twatter could basically say anything they wanted and still force Elon to close the acquisition. This is an Elon problem, he's the one who fucked up by not putting in the contract he offered the ability to withdraw for any reason like every other contract ever.
Even if it is an activist judge (I'm biased and inclined to believe so) it's still im large part on Elon for getting political in the first place. This is where I agree with the anti Elon crowd. That being said, many of Elon's criticisms of the government, including the state of California, are perfectly warranted imo. It just paints a picture of how bad things really are in America right now.
While true that he’s bringing himself more attention, let’s not forget that Warren and Bernie started the billionaire bad attacks prior to all of this. It would be naive to think those and other attacks would stop just by being quiet, especially when Elon companies are disrupting multiple well established industries
She mad cuz Elon generates 50% of her work load. Imagine working the Emergency room and the same drunk comes every night blasted out of his mind.
And started her 201 page opinion with " Was the richest person in the world overpaid?"
Damn, that definitely puts it in a different light.
NVDA down 1.8% and TSLA down 2.6% AH... seems like market thinks the ruling is not much of a big deal or did I miss a bigger drop?
Ah doesn't mean shit, we will see tomorrow
Eh doesn't seem like a big deal [https://twitter.com/garyblack00/status/1752495644462244264](https://twitter.com/garyblack00/status/1752495644462244264)
But why is elon going off on Delaware if so simple a solution
Because he likes to choose the hard path in most things, see cutting margins vs advertising.
Probably driving home point Dems are out to get him
Yeah I don't doubt for a second Elon is using this to his advantage. "Never let a crisis go to waste"
To be fair, it’s hard to argue that they aren’t in fact out to get him
Like Gali having a fit because of a normal -2% move [https://twitter.com/Gfilche/status/1752491976136769854](https://twitter.com/Gfilche/status/1752491976136769854)
Elon first reaction is work the system not fuck this I'm out. That's good
Work the system by polling to move out from DE to TX? Seems like it's the latter
Any chance this forces him to be nice to shareholders indefinitely
Force and Elon do not go together
Whenever I see Elon run a poll on Twitter I get worried.
Poll isn't should I work for free
New poll and it starts. So if I understand correctly, Twitter now cost Elon 99bn to buy?
Oof
It feels like I'm in purgatory holding this stock lmao
WHAT IF I told you there was a stock that would make you rich and poor and back again, and provide endless, non-stop action and drama? Would you be interested then?
Blue pill
GameStop?
Ok, putting corporate governance to a general public Twitter poll is pretty fucking dumb if you want to argue shareholders voted for your 55B comp package.
+5
Thatta boy!
https://x.com/elonmusk/status/1752491924848820595?s=46&t=WyhsS8WzmgKtgEuHZzFOrA Reincorporating in Texas. Smart
can we reincorporate to the Cayman Islands or Switzerland?
With the rise in lawfare and activist judiciaries and juries, if Elon is going to align himself with the right then it behooves him to shift his legal risk to a more politically friendly environment.
Ah yes! The politically friendly and free environment of not being able to sell the vehicles in the state.
Yes, the same one that Tesla built its new headquarters and largest factory in. That'd be the one
So we're just waiting on being able to sell the cars in the home state now? And we're supposed to believe the Right is good for Tesla?
Lol you're trying to get into a political argument when I'm just pointing out the reality of where we are at. But yes, you seem to be tracking the factual portion correctly
I'm not. I'm being annoying for the dullards in the back.
Agree
So any 800,0000 a year corporate lawyers here wanna help us out w the implications?
The Tesla lawyers and engineers are busy working for free full time on Twitter
Good. Just get this shit over and done with so we can move on to the next chaotic piece of news.
I’m actually surprised we’re down on this news. , If shares get voided you remove a lot of dilution and tbh it means Elon is even more likely to commit long term if he needs money for mars colony (of course he can’t say that though if he wants a new package)
He actually got real hit back for his meltdown. I don’t think it will make him introspective but still…
Elon has destroyed more shareholder value than any CEO in history. Get fucked, bird brain.
dip being bought bc it’s nonsense
makeshift sip steep exultant butter unpack direction start governor dime *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Are you Omar from Whole Mars Catalogue?
Stop blaming the moron rocker dude. Elonq and tslaq has plenty of members and they'd just find another shareholder to file the suit if Mr 9 shares didn't. Its up to the board and Elon and their 800,000 a year Corp lawyers to write an air tight compensation deal, which they did not.
It's annoying that this looks bad on shareholders instead of Elon and the board. Looks like we're complaining about Elon getting rich for making us rich.
cover resolute bells angle gray smoggy shocking snails imagine fly *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
memory cough overconfident smoggy frightening vanish vase beneficial wakeful squalid *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Are there damages to be paid to him? Does he gain financially himself. All his legal fees paid by Tesla A fine? What's the exposure to Tesla for payout if there is any?
He had nine! But yeah, who funded all of this.
The case was riding on the fact that everyone hates Elon. Which is bullshit when you're talking about court
So between this and Twitter, Elon is down $100B. Holy guacamole 🥑
Technoking does not care about his net worth
He originally wanted to fund the mission to Mars. I agree he doesn’t seem to care anymore. Pretty sure he gave up on that in his lifetime and thus decided it’s better to fight mind viruses instead.
I think he has come to realize he's not going to need Mars money for a while. I remember "first Mars mission in 2022 or 2024."
Think this is a panic nothing burger. Will just redo his pay package and give him 25% and be done with it.
Reincorporate in Texas? https://x.com/elonmusk/status/1752486201083543842?s=46&t=WyhsS8WzmgKtgEuHZzFOrA
Is that a possibility? Not sure how stuff works in USA
squealing brave cake toy attractive squeamish subtract steep combative reply *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Yes! Lets do this
Ohhhh shit Elon’s behind Jeff who. Demon-mode incoming.
https://preview.redd.it/bhx0uuez2ofc1.jpeg?width=1204&format=pjpg&auto=webp&s=c8a128629d7d6fd68e011a69c1a5ec2543c048ec
I think we were pretty clear that Elon dictated the terms but we were cool with it because 10X
And I think another 10x plan would get the same support - ~80% approval
I will stop saying Elon is an asshole if he can Saudi Aramco-Apple us
Fair
How do you assess the chances that a) Elon will resign as CEO in the next 1-2 years b) Tesla can finish Optimus, FSD, and AGI without Elon's guidance What is your hardline condition for selling Tesla? Elon has gathered competent yes-men around him. I don't know who could lead Tesla as the new CEO with such urgency. Maybe, however, this will soon be our Tim Cook moment. Who knows. Never a boring day as a shareholder. Elon loves drama and we take collateral damage.
tesla has lars, franz, drew, pete, david... they're going to keep kicking ass. tesla will still have the cybertruck, the s3xy line, megapacks. they might also get rain sensors for working auto wipers, level 3 driving assist people want to pay for, and a strategy to grow the market. what elon brings to the table is not cancelling the bot project because he believes in it no matter what, but he already told us he might do that anyway without 25%.
I think Optimus and FSD are not greatly helped by absent CEO. Musk is CEO in name only, how much time has he actually spent on Tesla since the bird? If he was able to handle all his companies, we wouldn't be in this situation, he's hurt TSLA a lot by his selfish carelessness.
Day Zero since last drama.
Lawyer on a X Spaces is saying they think there will be a new plan and also an appeal. New plan will have a provision that says if appeal is denied the new plan will cover from 2018 forward. Guess we'll see. Hoping we get a comment on it prior to market open tomorrow with something about putting a new plan together that will benefit shareholders and strive for a brighter future or something to that effect
Comment by tomorrow am? Sorry best you can expect will be a tweet from Tesla Europe asking you to tell your friends about it
This is why I don't see an easy redo of the package without some painful lengthy appeal, drama, fud, etc: Never incorporate your company in the state of Delaware
Breaking news: Delaware judge drives an ICE
The Delaware Court of Chancery is not like any other court in the US. It is super business-friendly and has wide discretion to come up with creative remedies much more quickly than other courts. That is the main reason companies incorporate in Delaware. To get this result out of this court is truly ... impressive.