Hawthorne, California – Tech entrepreneur Elon Musk’s company, Neuralink, has relocated its incorporation from Delaware to Nevada, according to state records. This move follows Musk’s announcement that Tesla is considering a similar relocation to Texas after a judge invalidated his $56 billion compensation package.
Last week, a Delaware judge ruled in favor of Tesla investors, deeming the enormous pay package negotiated by directors as unfair to shareholders and too favorable to Musk. This ruling prompted Musk to conduct a poll on his social media platform, X, asking whether Tesla should change its state of incorporation to Texas, where its physical headquarters is located. The poll results overwhelmingly favored the move to Texas, with 87.1% voting in favor.
While the relocation of Tesla’s state of incorporation could face legal challenges, Musk’s Neuralink has recently achieved a significant milestone. The company successfully implanted its first brain chip into a human patient, who is reportedly recovering well. It is part of an initiative to develop a wireless brain-computer interface to help paralyzed individuals control external devices with their thoughts.
In addition to the successful implant, Musk revealed that the first version of Neuralink is named Telepathy and is designed to allow people to control their electronic devices simply by thinking. He noted that the initial users of this technology will be individuals who have lost limb function, envisioning a future where individuals like Stephen Hawking could communicate at an accelerated speed.
These recent developments in both Neuralink and Tesla reflect Musk’s continuous innovative efforts in the tech industry. Although facing legal and regulatory challenges, Musk’s companies continue to push the boundaries of technological advancement and have the potential to significantly impact the fields of neurology and transportation.
Overall, Musk’s decision to relocate Neuralink’s incorporation to Nevada and explore the possibility of a similar move for Tesla is indicative of his proactive approach to overcoming regulatory obstacles and leveraging technology to achieve his vision for the future.