Part 10/14:
The podcast then ventures into legal and governance issues, focusing on the high-profile Toneta case involving Tesla’s shareholder rights and the Delaware court system. The hosts share a sense of relief that recent oral arguments at the Delaware Supreme Court have so far been more balanced, moving away from the biased perspective of the Chancery Court.
They critique the previous tendency of local courts to favor certain plaintiffs seeking massive attorney fees based on dubious grounds of misconduct. The recent proceedings, including arguments over Elon Musk’s compensation and the legitimacy of certain court rulings, suggest a shift toward fairness, though the discussion remains ongoing.