Tornetta v. Musk, C.A. No. 2018-0408-KSJM (Del. Ch. May 28, 2024)
Following the Court of Chancery’s post-trial opinion concerning Elon Musk’s compensation from Tesla (summarized here), Tesla submitted stockholder proposals to ratify Musk’s compensation package and to move Tesla’s state of incorporation to Texas. Concerned that the defendants would use these proposals to avoid
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