Tesla Board Vows Not to Move Musk Pay Court Fight to Texas (1)

Tesla Inc.’s directors say they don’t want a do-over in Texas of the Delaware court battle that killed co-founder Elon Musk’s $56 billion pay package — regardless of whether shareholders approve reincorporating the electric-car maker in the Lone Star state.

Lawyers for Tesla’s board say an investor who persuaded a Delaware judge to void Musk’s record-setting pay package is raising “hypothetical” fears about a June proxy vote on whether the company should ditch Delaware and reinstate Musk’s compensation plan.

Tesla directors “have not threatened, and do not intend, to seek to litigate any issue relating to this action ...