Elon Musk was offended by Delaware?  Moves the company to another state

Elon Musk was offended by Delaware? Moves the company to another state

American media believe that the relocation of the controversial company’s headquarters is the result of the court’s ruling that denied Elon Musk a huge bonus of nearly $56 billion. For this reason, the businessman posted a warning post on his X platform.

Registration documents show that the headquarters of Neuralink has been officially moved from the state of Delaware to Nevada, reports Neuralink. Neuralink deals with implants implanted in the brain. At the end of January, Elon Musk boasted that . The billionaire then said that owners of such chips would be able to control “almost any device” using their thoughts. And he announced that the product was called “Telepathy”.

Elon Musk offended at Delaware? He posted a warning

Neuralink’s move came shortly after Musk posted a warning post. “Never register your company in the state of Delaware,” wrote the billionaire, and then added: “If you prefer to let the shareholders decide about the company’s affairs, I recommend registering it in Nevada or Texas.”

What is it about? A court in Delaware recently found that Elon Musk’s compensation package for driving Tesla was too large and was overestimated. The billionaire was to receive nearly $56 billion in shares. that Musk is considering re-registering Tesla from Delaware to another state, e.g. Texas. The company has its actual headquarters and one of its factories there. Now this has also happened with Neuralink. The court’s ruling removed the billionaire from the first place on the magazine’s list of the richest people in the world.

Tesla shares instead of bank transfers

Let us remind you that the American billionaire does not receive a classic remuneration from Tesla, because in accordance with the contract questioned by the court, he receives stock purchase options. Musk can use it once Tesla’s goals are achieved. “The Guardian” wrote that thanks to such a mechanism, billionaire Elon Musk’s actual earnings are six times higher than the total amount earned by the 200 best-paid managers in 2021.

Source: Gazeta

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