![\"\"](\"https:\/\/abujacityjournal.com\/livenews\/wp-content\/uploads\/2024\/06\/elon-300x267.jpg\")
<\/p>\n","protected":false},"excerpt":{"rendered":"Tesla Inc has officially shifted its incorporation to Texas from Delaware, according to paperwork filed with the Texas secretary of state\u2019s office.<\/p>\n
The move unites the company\u2019s legal home with its physical headquarters, which have been in Austin for years. The paperwork was submitted late Thursday, following a vote by Tesla investors in favour of the departure from Delaware.<\/p>\n
Elon Musk, Tesla\u2019s chief executive officer, initiated the\u00a0move\u00a0in January after a Delaware judge\u00a0voided\u00a0his roughly $56 billion compensation package, the largest ever given to a US corporate executive. Shareholders on Thursday also reapproved the pay plan, although the vote does not guarantee he will get his stock options, given the judge\u2019s decision.<\/p>\n
Musk, the\u00a0world\u2019s richest person, celebrated the move in a social media post, writing that he was sending a cake to Delaware \u201cas a parting gift.\u201d It included an image of a cake with red frosting that said \u201cVox Populi, Vox Dei,\u201d Latin for \u201cthe voice of the people is the voice of God.\u201d<\/p>\n
It\u2019s the third corporate exit from Delaware by Musk since the pay decision. In February, he moved\u00a0SpaceX\u2019s\u00a0incorporation\u00a0to Texas and shifted\u00a0Neuralink Corp.\u2019s\u00a0incorporation\u00a0to Nevada, where his social media company\u00a0X\u00a0is incorporated. Tesla\u2019s departure took longer because the company is publicly traded.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Tesla Inc has officially shifted its incorporation to Texas from Delaware, according to paperwork filed with the Texas secretary of state\u2019s office. The move unites the company\u2019s legal home with its physical headquarters, which have been in Austin for years. The paperwork was submitted late Thursday, following a vote by Tesla investors in favour of […]<\/p>\n","protected":false},"author":27,"featured_media":34952,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173,249],"tags":[],"class_list":["post-34951","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-world-news"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/34951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=34951"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/34951\/revisions"}],"predecessor-version":[{"id":34958,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/34951\/revisions\/34958"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/34952"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=34951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=34951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=34951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}