Elon must be cash poor in millionaires sense.. like he got access to a few million on hand but think about it he wanted to cash out $56 billion dollars of stock lmaooo He’s a billionaire on paper but not liquid cash…
Having that much money on paper gives him access to unlimited credit though.Elon must be cash poor in millionaires sense.. like he got access to a few million on hand but think about it he wanted to cash out $56 billion dollars of stock lmaooo He’s a billionaire on paper but not liquid cash…
TrueHaving that much money on paper gives him access to unlimited credit though.
He already pledged most of if not all of his Tesla stock as collateral in loansHaving that much money on paper gives him access to unlimited credit though.
libs owned, or something
While there are potential advantages to moving from Delaware to Texas for incorporation, it's crucial to consider the downsides and challenges associated with such a move. Here are some potential drawbacks:
It's essential for businesses to conduct a thorough analysis of the potential downsides and weigh them against the perceived benefits before deciding to move from Delaware to Texas. Legal, financial, and strategic advice should be sought to make an informed decision that aligns with the company's long-term goals and objectives.
- Legal System Differences:
- Specialization: Delaware has a highly specialized legal system, particularly with its Court of Chancery, which deals specifically with business disputes. Moving to Texas may mean adapting to a different legal environment that may not have the same level of specialization in corporate law.
- Established Precedents:
- Legal Precedents: Delaware has a long history of legal precedents in corporate law, and its decisions often influence legal interpretations in other jurisdictions. Moving to Texas may mean the loss of reliance on these established precedents.
- Corporate Governance Tradition:
- Corporate Tradition: Delaware is considered the traditional home for many large corporations, and its legal framework is designed to provide flexibility in corporate governance. Companies that move from Delaware to Texas may need to adapt to a different corporate governance tradition.
- Market Perception:
- Investor Perception: Delaware incorporation is often seen as a positive signal to investors and stakeholders. Moving to Texas may impact the market perception of the company, especially if it's a well-established business with a history of Delaware incorporation.
- Transition Costs:
- Administrative and Legal Costs: Moving a business from one state to another involves administrative and legal costs. This includes updating legal documents, notifying stakeholders, and complying with the regulations of the new jurisdiction.
- Tax Implications:
- Tax Considerations: While Texas may offer advantages in terms of its tax structure, the transition itself may have tax implications. It's crucial to carefully evaluate the financial impact of the move and potential tax consequences.
- Court System Dynamics:
- Court System Differences: Texas has a comprehensive court system, but it may not have the same level of specialization as Delaware. Businesses involved in complex legal matters might find the Delaware Court of Chancery more advantageous.
- Industry Considerations:
- Industry Dynamics: Depending on the industry, some businesses may find that Delaware's legal and business environment better aligns with their needs. Industries with a heavy reliance on legal precedents or with specific regulatory considerations may be more comfortable in Delaware.
- Adaptation Period:
- Transition Challenges: Moving a business involves an adaptation period. Companies may need time to familiarize themselves with the legal and business landscape in Texas, potentially leading to temporary challenges.
libs owned, or something
He finally got a judge that actually holds him accountable as the fraud that he is and now he wants to run to Texas.I asked ChatGPT of possible downsides of going from Delaware to Texas.
Got emmmHe could have incorporated the company in Texas if he was one of the founders
Shareholders going to eventually bush him… But as far as him wanting the shareholders to vote to incorporate in Texas they are going to soundly reject that move..He finally got a judge that actually holds him accountable as the fraud that he is and now he wants to run to Texas.
How you going to say the public wants to incorporate the company in Texas when you actually were sued by the shareholders (public)?
Elon Musk bashed by heavy metal drummer who cost him $56 billion — Reuters
Elon Musk suffered one of the biggest legal losses in U.S. history this week when the Tesla CEO was stripped of his $56 billion pay package in a case brought by an unlikely opponent, a former heavy metal drummer.apple.news
Richard Tornetta sued Musk in 2018, when the Pennsylvania resident held just nine shares of Tesla. The case eventually made its way to trial in late 2022 and on Tuesday a judge sided with Tornetta, voiding the enormous pay deal for being unfair to him and all his fellow Tesla shareholders.