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...Glenn Hegar, the state’s Republican comptroller, went further in late 2022 when he named 10 firms and more than 300 funds targeted for divestment by Texas pension funds and other state endowments such as...
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...It went on to say that it made sense for Tesla to incorporate in the Lone Star State because “Tesla is all-in on Texas” because Tesla is “intertwined with our Texas corporate headquarters.”...
...Tesla has asked its shareholders to approve moving its state of incorporation from Delaware to Texas, fulfilling Elon Musk’s promise in February after a Delaware court voided his $56bn pay package....
...“Our country won’t accept repatriations by the state of Texas....
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...He is trailed by state senator Roland Gutierrez, a more progressive leaning state senator, who has gained prominence as a vocal advocate of gun control since the 2022 Uvalde school shooting....
...After 87 per cent voted in favour, Musk said he “will move immediately to hold a shareholder vote to transfer state of incorporation to Texas”....
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...Texas, Florida, Missouri and other GOP-led states followed suit with anti-ESG initiatives and divestments....
...Critics in Texas of the new court have worried that it may tilt too sharply towards corporate interests and that its creation may even violate the state constitution....
...Officials in Texas, Florida, South Carolina and other Republican states previously pulled assets from BlackRock and have targeted the firm for divestment after concluding that its use of ESG considerations...
...Texas is battling the largest wildfire in the history of the state and the second largest on record in the US, as a series of blazes ripped across the state’s north-west in unusually dry conditions after...
...The billionaire businessman cited an earlier poll he posted on X asking, “Should Tesla change its state of incorporation to Texas, home of its physical headquarters?”...
...“Tesla will move immediately to hold a shareholder vote to transfer state of incorporation to Texas,” Musk wrote on his social media platform X. Good, fine, whatever....
...While Delaware and New York state law remain pre-eminent for legal disputes, Texas is challenging the incumbents....
...It is undisputed that the only possible connection between the Debtors and the Southern District of Texas before the filing of these cases were two economically insignificant transactions . . . . the rental...
...person out of state or support him at his own expense”....
...The state passed legislation signed by the governor to create a new Texas business court that will hear corporate disputes with specialised judges....
...And for all of the histrionics of Musk, there is not even a hint that other big public companies are set to abscond to Texas, Nevada or any other state....
...“Tesla will move immediately to hold a shareholder vote to transfer state of incorporation to Texas,” Musk wrote on his social media platform X....
...Texas, meanwhile, is a red state, not generally given to pursuing socially beneficial projects. But actions speak louder than words....
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