Business
By Reuters
Published
Feb. 9, 2024, 6:26 p.m. ET
Elon Musk’s Neuralink has shifted its incorporation from Delaware to Nevada, following a recent decision by a Delaware judge that invalidated his $56 billion pay package for Tesla.
The move follows Musk’s announcement that Tesla plans to seek approval to transfer its incorporation to Texas. REUTERS
Experts anticipate potential hurdles, including investor lawsuits, as Tesla seeks to make the same move. Getty Images
However, legal experts warn that the incorporation shift for Tesla may face obstacles, especially if it is perceived as a tactic to preserve Musk’s compensation package.
Musk recently announced that Neuralink successfully implanted a brain chip in a human patient, who is reportedly recovering well after the procedure.
Neuralink has not yet responded to a request for comment from Reuters.
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