Tesla stock

How hard didya look?

https://www.reuters.com/article/idUSBREA3R1AG/#:~:text=NEW%20YORK%2FDETROIT%20(Reuters),businesses%20from%20the%20Golden%20State.
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My boss used to tell me
"I'll betcha could'a found it if it was a hundred doller bill"
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Where a company has its headquarters is not necessarily where it is incorporated.
That article has nothing about where Toyota NA is actually incorporated.

After all, do you think 2/3rds of Fortune 500 companies have their headquarters in a state the size of Deleware?

 

Good point

 

i searched quite a bit myself after you posed the question, no luck

 

It is rather amazing how convoluted our laws regulating businesses are.

To me, it makes sense that a company would be ‘incorporated’ in the state it is headquartered in.

I was surprised how difficult it is to find this information.

 

me too. i was amazed at how many branch companies toyota has. i bet it all started during the guilded age when companies were pulling the wool over everyones eyes and congress was on the take

 

There are many search engine results of the major Companies Incorporated in Delaware. However Toyota does not show up among them. Kind of a reversed way to figure things out maybe?

 

The reason why Delaware is that the state has set up a special court (Court of Chancery) to handle corporate legal matters. And that court has a long history of opinions so lawyers can rely on consistency when advising their clients. Texas will have to set up the same but given the political situation there they may or may not accept Delaware court rulings as precedent.

Elon is having another of his tantrums. Flying cars indeed.

 

tesla up almost 5% today, why?

 

right - right - there's supreme voodo mystical magic with "speciel court" delaware corporate law. Really?
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The history and experience of the court is part of the reason so many companies incorporated there.

 

More so in bygone days. The new history in Delaware courts now favors politics & more & more persons with victim mentalities.

Silicon Valley Companies Leaving Delaware | NextBigFuture.com

https://thehill.com/opinion/finance/4715117-why-the-corporations-are-fleeing-delaware/#:~:text=According%20to%20the%20law%20firm,those%20lawyers'%20individual%20clients.%E2%80%9D

https://www.wsj.com/articles/why-public-companies-are-leaving-delaware-for-nevada-9bd6183f
SpaceX has had its corporate domicile moved Texas as well.
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The first is just three tweets voicing political reasons for their dislike of Delaware, without evidence supporting claims of the court's accused behavior. Many tech companies are of the 'move fast, break things' mindset. They're going to be against anything holding them accountable and in check.

The Hill is an opinion piece. Again, no evidence for the anti-Delaware slant.

The WSJ may have had actual evidence, but is paywalled.

 

Going back to the original title of this thread, nice last 5 days +8%

 

should i sell now and buy on the dip?