Elon Musk’s Neuralink incorporating in Nevada after Delaware judge axes Tesla pay

Elon Musk’s brain-chip implant company, Neuralink, changed its location of incorporation from Delaware to Nevada, according to the business portals of both states.

The development comes about a week after Musk said Tesla would hold a shareholder vote to transfer its state of incorporation to Texas from Delaware after a judge invalidated his $56 billion pay package.

The development comes about a week after Elon Musk said Tesla would hold a shareholder vote to transfer its state of incorporation to Texas . REUTERS

Experts said switching the state of incorporation for Tesla could come with hurdles such as investor lawsuits. Getty Images

However, switching the state of incorporation for Tesla could come with hurdles such as investor lawsuits, particularly if it was seen as a move to secure his pay package, legal experts said.

Musk said last week that Neuralink had implanted its first brain chip in a human patient, who was recovering well after the procedure.

Neuralink did not immediately respond to a Reuters request for comment.