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Tesla wants shareholders to vote again on Musk's $56 billion payout [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
In a proxy filing published Wednesday, the electric-car manufacturer also stated it would hold a vote on moving its state of incorporation to Texas from Delaware. Tesla is set to hold its annual shareholders meeting on June 13. The request comes days after news that Tesla would reduce its headcount by 10% globally , or about 14,000 people. In a letter to stockholders, Tesla cited the need to carefully manage its resources for its decision. SpaceX moves incorporation to Texas, as Elon Musk continues to blast Delaware. In looking to re-ratify Musk's 2018 pay package, Tesla argued that "corporate democracy and stockholder rights" are at stake, telling shareholders the court had "rescinded the pay package that an overwhelming majority of you voted to grant." A Delaware judge in late January threw out the share-based payout, calling it an "unfathomable sum" and unfair to shareholders. In her ruling, the judge accepted the shareholder lawyers' argument that Musk personally dictated
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- Tesla to cut hundreds more jobs in Musk cost push: report [Yahoo! Finance][Yahoo! Finance]
- Elon Musk guts Tesla's charging team after winning over major automakers [TechCrunch][TechCrunch]
- Tesla Stock Is Slipping: Why You Should Buy This Stock Instead [Yahoo! Finance][Yahoo! Finance]
- Social networks have too much political influence, Americans tell researchers [Fortune][Fortune]
- Elon Musk Slams Tesla With Fresh Round of Layoffs [Yahoo! Finance][Yahoo! Finance]
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