Musk says Tesla will hold shareholder vote ‘immediately’ to move company’s incorporation to Texas::Billionaire Elon Musk justified the decision on the results of an unscientific poll run on his X account a day earlier.

    • BearOfaTime@lemm.ee
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      5 months ago

      What a fucking loser

      Wow, what insightful analysis and commentary.

      You call him a loser, someone whose been responsible for the development of the first truly reusable rockets, beating any other system for cost to orbit by a couple orders of magnitude. He’s rolling in so much dough he could squander pretty much all of it for the rest of his life, but instead chose to do something with his money and influence.

      I mean, yea, I don’t personally like the guy, but what a shit take, no observation upon the how’s/why’s of what he’s doing, just an insult.

      He clearly has some kind of agenda. To just dismissively name call prevents any opportunity to discover what he’s up to. I’ll admit I can’t figure him out. With Twitter it seems he’s all about destroying the platform, which is a good thing in my mind. But SpaceX has done more than anyone else to reduce cost to orbit, material consumption, and develop more environmentally friendly fuels.

      Do you really think he’s just making emotional decisions? Someone who’s been described as being on the autism spectrum by some folks?

      What have you done again? Glass houses and all that, ya know?

      • Red_October@lemmy.world
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        5 months ago

        He’s a fucking loser, and he’ll never love you no matter how much you hope he notices you.

        Musk isn’t an Engineer. He hasn’t designed anything, the extent of his responsibility for anything of value is telling other people, smarter people, to invent something. He doesn’t create, he buys existing companies then parades around like he’s the one that started them.

        You want a shit take? Take a look at how far out of your way you went to defend him and you’ll see that shit take. He hasn’t used his money to improve shit. He used it to burn 20+ billion dollars on a global communications platform and turn it into a cesspit of lies and nazis.

        So yeah, we’ll dismiss him. Elon Musk is a fucking idiot that doesn’t know when to shut the fuck up and throws a tantrum every time he’s handed a loss.

      • partial_accumen@lemmy.world
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        5 months ago

        I mean, yea, I don’t personally like the guy, but what a shit take, no observation upon the how’s/why’s of what he’s doing, just an insult.

        Did you not read the article before responding? Its right in the first sentence:

        “Tesla CEO Elon Musk on Thursday said the electric vehicle maker will hold a shareholder vote to transfer the company’s state of incorporation to Texas, after publicly lashing out at Delaware—where the company is currently incorporated—over a court decision that voided the billionaire’s massive $50.9 billion pay package.”

        The How’s and Why’s is because Tesla is incorporated in Delaware, a state famously favorable to businesses, and he lost a court ruling that is going to affect his wealth. There’s no changing that ruling, but moving would mean different but not better legal challenges going to Texas.

        Further, he’s claiming he’s making this move because of a Twitter poll! Twitter has become extremely polarized since Musk’s purchase has become more of an echo chamber of “yes men” gravitating to Musk’s extreme positions. So he has a biased audience and putting it to a vote seemingly to try and add legitimacy to the decision. That is either deceitful because he knows they’re “yes men” or terrifyingly out-of-touch that he doesn’t know they’re “yes men” affirming his decisions because he’s asking for affirmation.

        This is a massive failure either transparency or of self-awareness. Someone with Musk’s wealth and influence should do much much better than that.

        • Xtallll@lemmy.blahaj.zone
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          5 months ago

          Do you know how crooked you have to be to have a Delaware™ court rule against you?

          Delaware™ is a wholly owned subsidiary of the DuPont corporation, all rights reserved.

          • partial_accumen@lemmy.world
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            5 months ago

            Yeah, I eluded to that in my post but didn’t dive in. I think this is going to be worse for Musk and Tesla. There are all kinds of taxation and corporate liability protections in Delaware that don’t exist in Texas. There are possibly teams of lawyers salivating over this incorporation change going into place opening up new and previously unavailable avenues to attack Tesla under Texas law, or rather without Delaware protections.

      • Gork@lemm.ee
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        5 months ago

        Do you really think he’s just making emotional decisions?

        Yes. Absolutely.

  • fidodo@lemmy.world
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    5 months ago

    To the state that can’t even keep their power grid up during the winter?.. Or summer?

  • dhork@lemmy.world
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    5 months ago

    He’s gonna run for President of the Republic of Texas after the Civil War II, isn’t he?