A judge in Delaware has said Elon can't have his $55.8bn pay deal.
The gist of it is that a Tesla share-holder thought that it was too much money for the company he has shares in to be paying out. And also that Musk “enjoyed thick ties with the directors tasked with negotiating on behalf of Tesla, and dominated the process that led to board approval of his compensation plan” They argued the huge pay award was designed to ensure that Mr Musk, "would continue to dedicate his attention to the company".
What!? You mean while he also continues to dedicate his attention to Twitter, SpaceX, The Boring Company and sticking microchips into people's heads?
And now Elon has taken umbrage in true Donald Trump style with some whining on Twitter (as we all call it)
He tweeted, "Never incorporate your company in the state of Delaware. I recommend incorporating in Nevada or Texas if you prefer shareholders to decide matters."
Err - I think in this case a shareholder HAS managed to decide matters.
He then posted a poll asking his followers whether or not Tesla should "change its state of incorporation to Texas, home of its physical headquarters"
I don't know what the Venn Diagram of Tesla shareholders and Musk Twitter followers looks like but it doesn't sound like a particularly relevant bit of market research.
What amuses me most on this story though, is that the shareholder in question is a former thrash-metal drummer (according to Newsweek) who not only "made a mohawk that lights up while I'm playing drums" but who also only owns 9 shares in Tesla. Brilliant.
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