Tesla Pushes Back on Investor’s Latest Move in Musk Pay Row
- Investor raising false alarms about proxy asks, lawyers argue
- Musk threatening to move Tesla corporate home out of Delaware
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Tesla Inc. says the shareholder who won a court order in Delaware killing co-founder Elon Musk’s $56 billion pay package is jumping the gun in asking the judge to bar the billionaire from moving the executive-compensation dispute to Texas.
Tesla investor Richard Tornetta is raising false alarms about the company’s proxy asking shareholders to support reincorporating the manufacturer in Texas and reinstate Musk’s voided pay, John Reed, one of Tesla’s attorneys, said in a Delaware Chancery Court filing Thursday.