this post was submitted on 02 Feb 2024
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Musk says Tesla will hold shareholder vote ‘immediately’ to move company’s incorporation to Texas (www.forbes.com.au)
submitted 9 months ago by [email protected] to c/[email protected]
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Musk says Tesla will hold shareholder vote ‘immediately’ to move company’s incorporation to Texas::Billionaire Elon Musk justified the decision on the results of an unscientific poll run on his X account a day earlier.

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[–] [email protected] 4 points 9 months ago

Si. I'm a buy-and-hold investor and so far, so good. I wish I had bought more. I'm up about 700% (it was much more at the beginning of the year). I've informed my decision on this as moving stakes to TX may open Tesla to significant legal liability and it's being done solely in order to overpay the CEO, who is prone to making bad decisions. Overall I'm less than a drop in the bucket but I'm against it.