How hard didya look? https://www.reuters.com/article/idUSBREA3R1AG/#:~:text=NEW%20YORK%2FDETROIT%20(Reuters),businesses%20from%20the%20Golden%20State. . My boss used to tell me "I'll betcha could'a found it if it was a hundred doller bill" .
Where a company has its headquarters is not necessarily where it is incorporated. That article has nothing about where Toyota NA is actually incorporated. After all, do you think 2/3rds of Fortune 500 companies have their headquarters in a state the size of Deleware?
It is rather amazing how convoluted our laws regulating businesses are. To me, it makes sense that a company would be ‘incorporated’ in the state it is headquartered in. I was surprised how difficult it is to find this information.
me too. i was amazed at how many branch companies toyota has. i bet it all started during the guilded age when companies were pulling the wool over everyones eyes and congress was on the take
There are many search engine results of the major Companies Incorporated in Delaware. However Toyota does not show up among them. Kind of a reversed way to figure things out maybe?
The reason why Delaware is that the state has set up a special court (Court of Chancery) to handle corporate legal matters. And that court has a long history of opinions so lawyers can rely on consistency when advising their clients. Texas will have to set up the same but given the political situation there they may or may not accept Delaware court rulings as precedent. Elon is having another of his tantrums. Flying cars indeed.
right - right - there's supreme voodo mystical magic with "speciel court" delaware corporate law. Really? .
More so in bygone days. The new history in Delaware courts now favors politics & more & more persons with victim mentalities. Silicon Valley Companies Leaving Delaware | NextBigFuture.com https://thehill.com/opinion/finance/4715117-why-the-corporations-are-fleeing-delaware/#:~:text=According%20to%20the%20law%20firm,those%20lawyers'%20individual%20clients.%E2%80%9D https://www.wsj.com/articles/why-public-companies-are-leaving-delaware-for-nevada-9bd6183f SpaceX has had its corporate domicile moved Texas as well. .
Stock price is the vote of millions of investors whose behavior defies prediction. In my case, I sold at a loss, ~755 of purchase Ree stock to buy more Tesla. A little slow, I'll still get what works for me. As for the other investors, not my problem. Bob Wilson
The first is just three tweets voicing political reasons for their dislike of Delaware, without evidence supporting claims of the court's accused behavior. Many tech companies are of the 'move fast, break things' mindset. They're going to be against anything holding them accountable and in check. The Hill is an opinion piece. Again, no evidence for the anti-Delaware slant. The WSJ may have had actual evidence, but is paywalled.
IMO, trying to do that means you have to sell at the right time and buy at the right time. With how volatile TSLA is, it is easy to miss either spot. I believe the long term prospects of TSLA are very good, thus I just hold. It has served me well. If I need the money I would sell, with no plans for repurchase. I am not a financial advisor, this is just my personal view.
~4 or 5 yrs ago the short 'experts' warned about us fools buying Tesla stock - as it was priced <$100. Then 2½yrs ago the stock was >$400. Today ... >$200. It's reminiscent of buying gold. You wait long enough & the distructive act of deflating the dollar will eventually pay off - when your savings are deliberately eroded by our government via fiat dollars. It's very likely that the features of ROTH will be done away by gubment - as the future gains become a tax free windfall, & the taxing authorities no longer want us to really have savings anyway. The government can't take your 3, or 4, or 5 fold gain - if you already paid the tax on it - when yer long ago stock buy was only $20k or so.
The price you should pay for something is affected by how long it will take for you to receive benefits that exceed the cost of the item. On the case of a stock or bond, that means how much and how long will the item be able to pay/grow and is that sufficient to recover the cost plus inflation plus your desired profit. Meme stocks' businesses are subject to disruption. By the economy and by the innovations of others. Nvidea may be the hot item today but in 5 years? Do you have the research habits to know when that happens and to get out as the stock is cresting but before the orders stop because XYZ corporations product is now so superior? Too many people hold on too long out of pride or affection. Tesla has been valued higher before but now there are many competitors. And talk of $10k and $20k cars. Are those good enough as a second car that the market for others drys up? Covid hits and everyone hunkers down. Suddenly a competitor has a superior product. Politics change and a market or factory collapses. Stuff happens. And buying average stocks is risky enough without paying a premium. Look at the last quarter drops in TESLA earnings and profit margins and the incentives that erode both this quarter. Buy the new thing when it has huge upside. Sell as maturity makes it just as vulnerable as lower P/E stocks.
