Musk’s War on Delaware Spurs Bill to Hang On to Businesses

Elon Musk went to war with Delaware over its corporate laws after a judge shot down his massive Tesla pay package, moving his companies out west. Now the First State is responding with a legislative overhaul to keep other moguls from following him.

State legislators are proposing seismic changes to Delaware’s business statutes following recent defections by Musk’s companies and others moving their incorporation to Texas or Nevada in search of friendlier legal treatment. Spurred by the state’s new governor, Matt Meyer, a Democrat, they introduced the bill this week.