Musk's Tesla HQ Move to Texas Faces Hurdles from Board Ties, Shareholder Lawsuit Risks
• Musk may not have full board backing to move Tesla HQ from Delaware to Texas due to his "thick ties" with some directors
• Delaware court ruled Musk "controlled" Tesla, invalidating his $56B pay package; a similar standard could threaten a Texas move vote
• Many current directors lack independence from Musk, limiting who could recommend a Texas move vote
• Tripadvisor won its legal fight to move from Delaware to Nevada, but shareholders can still sue for damages
• No sign yet that Tesla will actually move to put the Texas reincorporation to a shareholder vote