
attorneys from Bernstein, Litowitz, Berger & Grossmann, the firm representing the plaintiff, said in a statement.
Following the January decision, Musk lashed out at the Delaware court, posting on X, “Never incorporate your company in the state of Delaware.” Tesla then held a shareholder vote to reincorporate in Texas, and officially shifted its state of incorporation there.
Musk has also moved the state of incorporation for his defense contractor company SpaceX to Texas from Delaware.
Despite the legal setback, Musk has seen his net worth jump considerably in recent weeks. Excluding all of the options wrapped up in the pay package, Musk is more than $43 billion richer since Donald Trump’s election victory in November. Tesla shares have soared 42% in the four weeks since the election on optimism that Musk’s coziness with the incoming president will lead to policies favorable to his companies.
The Tesla stock Musk still holds is worth close to $150 billion based on Monday’s closing price. That alone, not including his SpaceX stake, would put him among the world’s wealthiest people. Equilar estimates that at today’s stock price Musk’s 2018 package would have risen to be worth $101.4 billion.
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