Tesla stock

I think this encapsulates the situation fairly well:

Opinion | Tesla’s Pay Package Ruined Elon Musk. Shareholders Should Reject It. - The New York Times

Elon hasn't been the same since the deal was passed, and the deal wasn't properly negotiated by the board. He, and the company, haven't been the same since.

 

i don't agree with him at all. he sounds like a disgruntled stock shorter. what tesla has done in the last 6 years is nothing short of unprecedented. the only question in my mind is if they can continue that level of growth and innovation without him.

 

up 5%, but i'm not a day trader

 

There are some interesting academic studies of how long a CEO should remain in charge of a company. They divide the tenure into 5 stages but I'm not sure how those predict for a personality like Elon or a innovative startup culture/company. (summary Fortune June/July page 20) They mostly cover mature companies as they must cover 20 year spans (except for Warren). But they certainly show how the CEO's effect changes over time and it directly correlates to the companies financial success. There are outliers.

 

Obviously somebody else uses the 'put your money where your mouth is' argument......

 

Well, both resolutions passed (by a wide margin) according to Musk. I guess this isn't like an election where the result are known only at the end of the polls...

 

One metric I wished they would have said during that meeting is the current millions (billions) of miles driven in FSD.

 

i never think of texas as 'enlightened', but in some cases...

 

Oh goodie. Get incorporated in a state which has little history of corporate governance and judicial oversight.

If there is any reason to abandon Tesla and any similar company it is the uncertainty of the legal environment that is in Texas. Not to mention the judicial slant of the rulings that will control any decisions.

down 2.4% day to day as I post.

Waiting to see what the pay package vote does to the value of the ordinary investors in the stock.

I Ignore Kathy and her ARC musings. Talk about a meme stock promoter.

Bob how you doing on those recent tranches?

 

okay, you post when it's down, and i'll post when it's up. personally, i'm happy to see they are out of deleware and that crazy judge

 

Where is Toyota North America Incorporated?

 

Sorry - but shareholders decided he was worth it.
Twice now.
Tesla shareholders approve CEO Elon Musk’s $45bn pay package | Business | The Guardian

Put another way, shareholders gave the finger to the Delaware judge by reinstating what this self-important court officer thought she new better than. Icing on the cake & a parting shot to Delaware, Tesla is now Incorporated in Texas.
Equally just, the shorters will likely lose enough to pay for a good chunk of what was already promised to Musk.
.

 

After a few days, I still can’t find a simple answer.
Toyota NA has their headquarters in Texas, but that doesn’t mean they are incorporated there.

Here is a paywalled article from WSJ with some interesting analysis and details:
https://www.wsj.com/business/tesla-texas-incorporation-delaware-edcbd0dd

Basically, about 2/3rds of Fortune 500 companies are incorporated in Delaware.
That leaves about 1/3 that isn’t.

Texas is making a move to take some of that business from Delaware.

Finding out where a company is Headquartered is easy.

Finding the state of incorporation should be easy.
The state in which they are incorporated is listed in the 2nd page (article 2) of a companies “Articles of Incorporation”.

Unfortunately I haven’t found those either.

In any event, I thought it was an interesting question.

 

it was about a decade ago