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Elon Musk’s Legal Battle: A Move From Delaware to Texas

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Elon Musk’s Legal Battle: A Move From Delaware to Texas

A new tantrum from the South African tycoon presents us with the most intolerant side of American justice

The figure of the founder of companies like Tesla or SpaceX gives rise to many debates and some of Elon Musk’s most famous phrases clearly speak to his excessive ambition. Now, with a new enemy listed on his endless list, it seems that the state of Delaware has lost to one of the greats, Elon companies, as has already happened in the past with other of its companies.

The legal tantrum of Elon Musk and the state of Delaware

As you can see in the publication that we leave you below these lines, SpaceX has made the decision to move its headquarters from the state of Delaware to the state of Texas and it seems that there is a reason of weight for this radical change: a court ruling which has unleashed the wrath of Elon Musk.

Long time, Tesla included among his plans a retribution plan for its founder of 55 billion dollars and this is the measure that a judge in Delaware has recently canceled and which has marked the end of Elon’s relationship with one of the friendliest states, speaking of taxation, in the entire United States.

The publication of Elon Musk It couldn’t be clearer: advise to all the companies that have business in the state of Delaware to move them to other locations of the North American country as soon as possible.

In your case, Elon has been able to change SpaceX’s headquarters in the same way that he has done with Neuralink but no con Tesla. And this is because the automobile company is listed on the stock market and to carry out these types of movements it has to have the shareholder meeting vote also being one of its members who denounced the remuneration that Elon Musk was going to receive and which ended up in court.

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Is more than obvious that Elon Musk chose Delaware as headquarters for Tesla and the rest of its companies due to the tax advantages that we mentioned before, but it doesn’t seem like Elon is enthusiastic about the work of justice in that area of ​​the United States.

We’ll see what happens resolution which may still be appealed by Tesla but what seems undeniable is that the $55 billion is hanging by a thread.

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