Tesla Inc. has officially shifted its incorporation to Texas from Delaware, according to paperwork filed with the Texas secretary of state’s office.
The move unites the company’s legal home with its physical headquarters, which have been in Austin for years. The paperwork was submitted late Thursday, following a vote by Tesla investors in favor of the departure from Delaware.
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Elon Musk, Tesla’s chief executive officer, initiated the move in January after a Delaware judge voided his roughly $56 billion compensation package, the largest ever given to ...
