THE BIG LOSER IN TESLA'S SHAREHOLDER VOTE IS DELAWARE

Summary from the TLDR newsletter

Tesla's reincorporation in Texas is an attempt by Elon Musk to loosen Delaware's grip on US corporations. Around two-thirds of S&P 500 companies are incorporated in Delaware. The state has specialized courts that handle business matters with stacks of legal precedents to address disputes. Texas offers lower taxes and a newer and less predictable business court system. The move will save Tesla about $250,000 a year in tax payments.