Court of Chancery Opinion: Richard Tornetta vs. Elon Musk

From pages 2 and 3:

> Delaware law allows defendants to shift the burden of proof under the entire fairness standard where the transaction was approved by a fully informed vote of the majority of the minority stockholders. And here, Tesla conditioned the compensation plan on a majority-of-the-minority vote. But the defendants were unable to prove that the stockholder vote was fully informed because the proxy statement inaccurately described key directors as independent and misleadingly omitted details about the process.

Even before this decision he already asked for 25% voting control a couple of weeks ago and threatened to start a competing company (for AI self driving and such) if Tesla doesn't give it to him.

https://www.reuters.com/technology/musk-seeks-25-voting-shar...

You can really do that, as the uncertainty from that time is gone.

I'm guessing that's something at your end, or it was temporary. The link works for me.

55 Billion dollars worth less stocks also. So PE just went down!

Shareholder primacy, baby!

The system works!