Elon Musk Moved Neuralink’s Founding State

In a news we shared with you in the past weeks, Elon MuskThe $56 billion “salary” received from Tesla in 2018 was annulled by the court, and Elon Musk said, “Regarding this incident,Never incorporate your company in the state of Delaware.“We reported that he made a statement. Apparently, Musk was the first to follow this suggestion.

Elon Musk’s company works on brain implantable chips and brain-computer interfaces neuralink It was also located in Delaware. Musk said on January 31 “If you prefer shareholders to decide on company management Nevada or I suggest you establish a company in Texas” He said that in accordance with this statement, he moved the founding state of Neuralink from Delaware to Nevada.

Although Elon Musk suggests otherwise, Delaware is the corporate birthplace of the USA…

According to information shared by Business Insider, in Delaware 1.3 million legal entities and according to the state’s official website, more than 60% of Fortune 500 companies are established here. Contrary to Musk’s complaint, Delaware is considered economically and legally predictable and stable.

By the way, let us also point out that Elon Musk has recently made plans to move Tesla’s headquarters. Musk, who recently opened a survey on X about whether Tesla should move its location to Texas, where its physical headquarters is located, received 87% yes votes and “The popular vote is definitely in favor of Texas! Tesla to move its founding state to Texas will take immediate action to hold a shareholder vote.” he said.

Why is it important to move the constituent state?

Even though US companies carry out their physical operations in different states, they are basically subject to the laws of the state where the company was established. Therefore, although Tesla’s headquarters is located in Texas, Must comply with Delaware law. Although Delaware is often the first preferred state with the opportunities it offers, Elon Musk has different complaints.