Part 5/9:
Further, Stevenson discusses the shifting legal landscape, pointing out that Tesla has moved its incorporation from Delaware to Texas. This strategic move is likely to influence future litigation, as Texas courts are less accommodating to shareholder suits against corporate directors than Delaware's courts.
He criticizes the Delaware court system, implying it has overreach in deciding executive compensation, emphasizing that such decisions should rest with the shareholders, not judicial authorities. This shift aims to enable more shareholder-led challenges to Musk’s pay if they materialize.