I guess the argument that Tesla isn't targeting the economy EV sector makes sense. And that is where the Chinese are thriving. What are you thoughts on the current issue with Elon and Tesla on the 56 billion ruling.
I am not a legal expert but it appears ridiculous and an advocate judge. It looks like they will appeal and Delaware will not be able to not overturn it. If they allow it to stand, they will have a massive outflux of corporate registrations, something that will kill the state tax rolls.
Interesting. From what I've read, Delaware courts were supposed to be good for businesses, while Texas has been looking for more businesses to go there as well. I wonder if there will be a max exodus because of this.
They were until this judge basically said her opinion was more important than the shareholders. This is really putting Delaware at risk if it is allowed to stand.
Nevada is the likely destination for many since it also has a proven track record. Texas might attract the physical business but the legal filings might be elsewhere. I think they are trying to position themselves with the legal friendliness but who knows. Nevada would be my choice unless I was actually headquartered in Tx.
That makes sense. I've heard good things about Nevada as well. I guess we'll see how it develops. It has pretty much been near the top of my news the past few days.
Rumors are Tesla will appeal. If that is the case, then we will see a 6 month process before resolution.