02-02-2024, 03:57 PM
It comes after a judge in Delaware annulled Mr Musk's $55.8bn (£44bn) Tesla pay package.
The lawsuit was filed by a shareholder, Richard Tornetta, who argued that it was an overpayment.
Despite owning just nine Tesla shares, Mr Tornetta launched legal action calling for the award to be rescinded.
After the ruling, Musk posted on social media: "Never incorporate your company in the state of Delaware."
Many big firms, including Amazon, are registered in Delaware, which is known for having light taxation.
https://www.bbc.com/news/business-68163184
The lawsuit was filed by a shareholder, Richard Tornetta, who argued that it was an overpayment.
Despite owning just nine Tesla shares, Mr Tornetta launched legal action calling for the award to be rescinded.
After the ruling, Musk posted on social media: "Never incorporate your company in the state of Delaware."
Many big firms, including Amazon, are registered in Delaware, which is known for having light taxation.
https://www.bbc.com/news/business-68163184