Elon Musk says Tesla will move HQ from California to Texas

Tesla CEO Elon Musk says the electric car maker will relocate its headquarters from Palo Alto, California, to Austin, Texas. Musk says, though, that the company will keep expanding its manufacturing capacity in the Golden State.

Musk gave no timeline for the move late Thursday when he addressed the company’s shareholders at Tesla’s annual meeting.

Musk stressed he plans to expand the company’s factory in Fremont, California, where Tesla’s Model S and Model X cars are built, in hopes of increasing its output by 50%.

He also touted the company’s record vehicle deliveries this year, while noting that global supply-chain disruptions that have led to a shortage of computer chips remain a challenge.

California’s anti-business and high tax atmosphere has caused many large companies to flee the state for more pro-business states like Texas.

So many people have left California, that the state lost a Congressional seat for the first time ever, while Texas gained two. Colorado, Florida, Montana, North Carolina and Oregon all gained one seat.

As Californians struggle to make ends meet, California legislators cheer on the news of big businesses leaving the state.

In May 2020, when Elon Musk threatened to move the Tesla plant out of California, and into Texas or Nevada, because of the unelected Public Health Director mandating how he run his company, San Diego Assemblywoman Lorena Gonzalez tweeted, “F*ck Elon Musk” in response to the threat.

 

Categories: California News, National & International News, Politics