FAFO — Elon BANKRUPTS Entire State
video: FAFO — Elon BANKRUPTS Entire State
Delaware, the sleepy little state that somehow became the corporate kingpin of America, raking in cash like a casino on a hot streak.
A million companies—big dogs like Tesla, Dropbox, and a swarm of LLCs—called it home, all because of its cushy laws and a court system that kissed corporate boots. In 2023, Delaware pocketed $2.1 billion in corporate fees and taxes—20% of its budget—without breaking a sweat. It was a racket so sweet, Tony Sopranos would’ve tipped his hat.
But now? That golden goose is flying to Texas and Nevada, and Delaware’s left performing massive damage control.
Let’s rewind. Elon Musk, the mad genius who dragged Tesla from the brink of bankruptcy to a trillion-dollar titan, got a $56 billion pay package in 2018, provided he met Metrics so insane—market cap, revenue, profit—no one thought possible.
Tesla was on life support, bleeding cash, and the shorts were circling like vultures.
But Elon? He didn’t just hit the targets; he smashed them into orbit. By 2021, Tesla’s market cap was over a trillion bucks, and Musk turned a company everyone bet against into a global juggernaut. That $56 billion? Earned, fair and square—shareholders cheered, the stock soared, and Elon kept the pedal to the metal.
Enter Delaware, under the rule of the Biden’s since forever, and no doubt deciding to do the administration’s bidding.
They get a random shareholder with nine measly shares—nine!—to sue, claiming the bonus was “unfair.” Nine shares!
That’s like a guy with a lemonade stand telling Jeff Bezos how to run Amazon. But Delaware’s Chancery Court, drunk on its own power, sides with the lemonade stand. In January 2024, they nix the $56 billion, saying it’s “too much” for the guy who saved Tesla and made shareholders filthy rich. Too much?
Well, not for their favored bankers who tanked the economy in ’08 and still got their golden parachutes. Elon meets impossible goals, and Delaware says, “Not on our watch.” Let’s examine why.
Why? Follow the breadcrumbs. Elon bought Twitter in 2022, turned it into X, and ripped the gag off free speech. Suddenly, the leftist propaganda machine—CNN, MSNBC, the whole Blue Cult—lost control of the narrative. Counter-voices popped up, calling out the grift, the waste, the authoritarian playbook. The elites were livid. Musk had the cash and the platform to expose their game, and that $56 billion? That’s fuel for the rebellion. Biden’s personal Delaware court, saw a chance to kneecap him, keeping additional ammunition from flowing to this turncoat Blue Team member.
But here’s the kicker: Tesla shareholders weren’t having it. In June 2024, they vote again—a roaring “yes” to reinstate Elon’s $56 billion. Over 70% approval, a middle finger to the courts. “He earned it,” they said. “He’s our guy.”
Delaware’s response? Chancery Court doubles down, blocks it again in late 2024, claiming some legal mumbo-jumbo about “fiduciary duty.” Meanwhile, the state’s licking its lips, thinking it’s won—keeping Musk down, keeping the status quo. Big mistake.
Elon’s not one to sit quietly. He’s Tony friggin Stark, not a doormat. Tesla’s board, fed up with Delaware’s games, votes to bolt. June 13, 2024: Tesla reincorporates in Texas. No more Delaware fees, no more bowing to a court that screws over success. And Elon’s not alone. Here’s the roll call of the exodus: Tesla’s out, Walmart’s eyeing the door—yeah, the Walton family’s had enough of Delaware’s nonsense. Dropbox bolted to Nevada by March 5, 2025. Tripadvisor, SciPlay, NerdWallet—they’re gone too. Meta’s Zuckerberg’s flirting with Texas, and Bill Ackman’s packing for Nevada.
A corporate stampede to states with no income tax, looser rules, and courts that don’t meddle in shareholder-approved deals. Texas and Nevada are popping champagne, while Delaware’s revenue stream starts looking like a dry creek bed.
Over 50 big names have jumped ship by March 2025, with more in the pipeline. Why? Delaware’s courts, drunk on ideology and left-wing politics, turned a corporate paradise into a hostile Commie wasteland. They thought they could flex on Musk and keep the cash rolling. Instead, they slit the throat of their golden goose, and now the blood’s pooling—$300 million in lost revenue already, climbing fast.
Franchise taxes—$400 a pop per company—vanish as filings dry up. Legal firms in Wilmington are twiddling their thumbs, and the state’s budget’s got a hole you could drive a Cybertruck through. All because they couldn’t hide their arrogance, and flexed their true intentions of desiring control over private entities. Fascistic.
Now, here’s the delicious irony: Delaware’s panicking. March 2025, whispers leak out—Chancery Court’s “reconsidering” Elon’s pay package. Reconsidering? After two shareholder votes and a corporate exodus, now they’re having second thoughts? Too late, clowns. The train’s left the station, and it’s hauling those golden eggs to Austin and Vegas. Federalism’s a beautiful thing—states compete, and Delaware’s progressives and fascists, wanting to control private industry, is being destroyed.
This isn’t just about Elon—it’s a wake-up call. Delaware thrived because it promised stability, not vendettas. It banked on being the corporate safe haven, and the arrogance of the Blue Team opened the flood gates, and what once nurtured the state, is flowing rapidly away.
Musk’s bonus wasn’t just money; it was a symbol of merit, of a guy who beat the odds and got punished for it. Shareholders saw that, companies saw that, and they’re voting with their feet. Texas welcomes Tesla with open arms—$25 million in incentives, no state income tax, and a governor who knows innovation trumps bureaucracy. Nevada’s snagging the rest, laughing all the way to the bank.
So, Delaware’s scrambling, trying to lure Elon back with a mea culpa. “We’ll fix it! Please stay!” But the damage is done. The state’s rep’s in tatters, its coffers are bleeding, and the cultists who cheered the courts are silent now—probably too busy torching Teslas to notice the irony.
Musk? He’s in Texas, building rockets, slashing government waste with DOGE, and proving America’s resilience against the attempted Communist take over.
Here’s the takeaway, folks: punish success, and it walks away. Delaware thought it could flex on Elon and keep the cash flowing. Instead, it’s fast becoming a corporate graveyard, another cautionary tale to be etched on these authoritarians’ tombstones.
Elon’s still standing, Teslas are still accelerating, and the freedom loving states are winning.
So keep pounding that gavel with your arrogant weaselly grin on display, attempting to rob those who are far better and intelligent than you, of what they created and earned, and I’ll stand by, documenting, how, with your limited intelligence, the look of surprise and shock spreads over your faces as you realize you’re presiding over an empty, and powerless, courtroom.
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