Delaware
Elon Musk's Neuralink moves legal home to Nevada after Delaware judge invalidates his Tesla pay deal
Elon Musk’s brain implant company Neuralink has moved its legal corporate home from Delaware to Nevada after a Delaware judge struck down Musk’s $55.8 billion pay package as CEO of Tesla.
Neuralink, which has its physical headquarters in Fremont, California, became a Nevada company on Thursday, according to state records. Delaware records also list the company’s legal home as Nevada.
The move comes after Musk wrote on X, formerly Twitter, that shareholders of Austin-based Tesla would be asked to consider moving the company’s corporate registration to Texas.
“Never incorporate your company in the state of Delaware,” he wrote in one post after the court ruling. He later added, “I recommend incorporating in Nevada or Texas if you prefer shareholders to decide matters.”
Legal experts say most corporations set up legal shop in Delaware because laws there favor corporations. “Delaware built its preferred state of incorporation business by being friendly to company management, not shareholders,” said Erik Gordon, a business and law professor at the University of Michigan.
On Jan. 30, Delaware Chancellor Kathaleen St. Jude McCormick invalidated the pay package that Tesla established for Musk in 2018, ruling that the process was “flawed” and the price “unfair.” In her ruling, she called the package “the largest potential compensation opportunity ever observed in public markets by multiple orders of magnitude.”
McCormick’s ruling bumped Musk out of the top spot on the Forbes list of wealthiest people.
Musk, a co-founder of the privately held Neuralink, is listed as company president in Nevada documents. Messages were left Saturday seeking comment from Neuralink and Tesla.
McCormick determined that Tesla’s board lacked independence from Musk. His lawyers said the package needed to be rich to give Musk an incentive not to leave — a line of reasoning the judge shot down.
“Swept up by the rhetoric of ‘all upside,’ or perhaps starry eyed by Musk’s superstar appeal, the board never asked the $55.8 billion question: ‘Was the plan even necessary for Tesla to retain Musk and achieve its goals?’” McCormick wrote.
Musk’s fans argue that he shouldn’t be paid like other CEOs because he isn’t like other CEOs. He and Tesla are practically inseparable, so keeping him as CEO is key to the company’s growth. He built the company from an idea to the most valuable automaker in the world, last year selling more electric vehicles than any other company. His star power gets free publicity, so the company spends little on advertising. And he has forced the rest of the auto industry to accelerate plans for electric vehicles to counter Tesla’s phenomenal growth.
McCormick’s ruling came five years after shareholders filed a lawsuit accusing Musk and Tesla directors of breaching their duties and arguing that the pay package was a product of sham negotiations with directors who were not independent of him.
The defense countered that the pay plan was fairly negotiated by a compensation committee whose members were independent and had lofty performance milestones.
Musk wrote on X last month that the first human received an implant from Neuralink. The billionaire did not provide additional details about the patient.
When successfully remediated and redeveloped, brownfields are placed back into productive use, like the UD STAR Campus building depicted here occupying the site of a former automotive assembly plant /Delaware DNREC photo
Early-bird Registration for Conference Ends June 30
Environmental professionals, developers, municipal leaders, policymakers and community stakeholders are invited to register now for the Delaware Brownfield Conference to take place Thursday, Aug. 20 at the Chase Center on the Riverfront in Wilmington. Registration and conference details are available on the de.gov/brownfields webpage.
Hosted by the DNREC Division of Waste and Hazardous Substances, the conference offers a full day of practical learning, networking and collaboration focused on redevelopment outcomes.
The conference will also highlight how Delaware’s Brownfield Development Program is helping move projects forward by supporting the cleanup and redevelopment, reuse or expansion of properties that may be perceived to be environmentally contaminated, and turning abandoned and underused sites into new opportunities for commercial use, housing, jobs and local investment.
That value is underscored by a recently published study, “Economic Impact on Delaware’s Economy: The Brownfield Program 2025.” Commissioned by DNREC and prepared by the University of Delaware’s Center for Applied Demography and Survey Research, the study reviewed 113 brownfield sites with remediation completed between 2015 and 2022 and found significant increases in property values, along with gains in employment and tax revenues. For example, the report found the studied sites supported 5,853 jobs in 2022 and paid more than $2.3 million more in county property taxes in 2024 than in their completion year. Attendees can learn more about these findings and related topics at the conference.
Early registration discounts are available through June 30, including general admission early-bird pricing and a special rate for students and government/nonprofit professionals who register by the deadline.
Sponsorship opportunities are also available for organizations that want to be supportive of the conference and brownfield redevelopment. Sponsorship levels include benefits such as conference registration, promotion in the program and email marketing and exhibit space. For sponsorship information, email Melissa Leckie of the Division of Waste and Hazardous Substances.
About DNREC
The Delaware Department of Natural Resources and Environmental Control protects and manages the state’s natural resources, protects public health, provides outdoor recreational opportunities and educates Delawareans about the environment. The DNREC Division of Waste and Hazardous Substances ensures Delaware’s wastes are managed to protect human life, health, safety and the environment. For more information, visit the website and connect with @DelawareDNREC on YouTube, Facebook, Instagram, X, or LinkedIn.
Media Contacts: Alyssa Imprescia, Alyssa.imprescia@delaware.gov; Michael Globetti, michael.globetti@delaware.gov
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Wednesday, June 10, 2026 10:59AM
LEWES, Del. (WPVI) — The Delaware Bay has a new defense in the case of a potential oil spill.
The Delaware Responder was officially christened on Tuesday in Lewes.
The 65-foot oil spill response boat carries 2,000 feet of boom, which helps contain an oil spill.
The Delaware Bay and River Cooperative, a non-profit group made up of companies that receive, produce or transport oil on the Delaware River and Bay, said the boat also has onboard oil storage for recovery operations.
Copyright © 2026 WPVI-TV. All Rights Reserved.
The mother of Nola Dinkins was found guilty of murdering her 3-year-old daughter, who was falsely reported to be kidnapped in Delaware in June 2025, according to court records.
Darrian Randle was found guilty by a Maryland jury of first-degree murder and two counts of child abuse for the death of Dinkins, who was falsely reported to be missing after an abduction in Newark, Delaware, prosecutors said.
The amber alert set off a dayslong search for the girl, but Randle eventually admitted to beating Dinkins to death in Maryland and then tried to fake a kidnapping, officials said at the time.
Human remains that were consistent with an emaciated child and completely wrapped in saran wrap were ultimately found n a suitcase in the area of Dune Drive in North East, Cecil County, Maryland, officials said.
Randle’s boyfriend, Cedrick Britten, is also facing charges in the case and has yet to go to trial.
Randle remains in custody and will be sentenced on Oct. 2, 2026, according to court records.
Darrian Randle allegedly admitted to beating her 3-year-old daughter Nola Dinkins to death before putting the girl’s body in a suitcase. NBC10’s Tim Furlong speaks with neighbors of the woman’s boyfriend, who police say helped her hide the body.
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