It's easy to say "strict regulations that stunted opportunity for growth" when you are a billionaire and don't need the protections which are meant to protect normal working class people.
Elon Musk moves to Texas
21–30 of 1001 posts
Re: Elon Musk moves to Texas
#22Earlier quoted context omitted.
Interesting... do you think it could be part of a strategy to get Texas to change this law?
I doubt Tesla really cares all that much. The link says Texans can easily buy Teslas from Tesla, but they have to complete the paperwork before the car ships to Texas. It seems like a very minor inconvenience compared to dealing with the various California regulations and bureaucrats.
Tesla is building a factory in Texas. What does the law mean whenever the car itself was made in the state? Does it need to leave the state and then re-enter? Serious question. Teslarati reported that's the case, so if they're right, I assume Tesla cares very much about the law changing, as it would save them quite a bit of money:
https://www.teslarati.com/tesla-cybertruck-sales-direct-sale...
Re: Elon Musk moves to Texas
#23Earlier quoted context omitted.
Interesting... do you think it could be part of a strategy to get Texas to change this law?
I doubt Tesla really cares all that much. The link says Texans can easily buy Teslas from Tesla, but they have to complete the paperwork before the car ships to Texas. It seems like a very minor inconvenience compared to dealing with the various California regulations and bureaucrats.
I wonder how that changes when the vehicles (like cybertruck) are manufactured in Austin, TX.
Re: Elon Musk moves to Texas
#24California is actively looking for ways to extract more money from Elon. It likely posed an appreciable risk to his business ventures that CA at some point will try to tax unrecognized capital gains, which would require him to liquidate shares to pay the tax. Basically akin to a hostile government takeover. If CA were to aggressively pursue such a policy, they would likely go after anyone they perceived as fleeing ju…
It would be interesting to know how Larry Ellison is handling that risk. If CA was to go down that path he seems like an obvious target.
Re: Elon Musk moves to Texas
#25Isn't the actual listed location of residence more a formality for a billionaire like Musk? I presume he'll still rent residences in LA and the Bay Area considering he'll be back and forth for business related to Tesla and SpaceX. This seems like he's renting a place in Texas and making a big deal out of 'moving there' to make a point about California's regulatory environment.
I have no direct experience in this, but an acquaintance of ours whose startup exited successfully is similarly leaving CA for tax reasons. My light understanding is that CA has some pretty tight rules around how often you can work in CA before you automatically become a resident for the purposes of taxes. If they find out that you’ve worked in CA too much I presume they’ll try and tax your yearly income.
Re: Elon Musk moves to Texas
#26Isn't the actual listed location of residence more a formality for a billionaire like Musk? I presume he'll still rent residences in LA and the Bay Area considering he'll be back and forth for business related to Tesla and SpaceX. This seems like he's renting a place in Texas and making a big deal out of 'moving there' to make a point about California's regulatory environment.
i'd doubt he's renting...
Re: Elon Musk moves to Texas
#27California is actively looking for ways to extract more money from Elon. It likely posed an appreciable risk to his business ventures that CA at some point will try to tax unrecognized capital gains, which would require him to liquidate shares to pay the tax. Basically akin to a hostile government takeover. If CA were to aggressively pursue such a policy, they would likely go after anyone they perceived as fleeing ju…
What are unrecognized capital gains?
Re: Elon Musk moves to Texas
#28Earlier quoted context omitted.
"These laws make it illegal to buy a car from Tesla in person, at a Tesla Gallery. Thus, all Texas orders are taken via the internet or over the phone. Texas residents can still easily buy a car from Tesla, but the purchase is handled as an out-of-state transaction and must be completed before the vehicle ships to Texas." Tesla is not your regular dealership. Car purchases are made online anyways.
This. All of our Teslas were bought online, and we showed up at the gallery or service center only to take delivery ("here's your [fob|rfid key] and we'll auth the vehicle in your Tesla account"). Carvana has a similar model for used vehicles, and they are very successful with the demo they cater to (buy online or in app, with a test drive period after purchase if you want to return the vehicle). People hate the trad…
I wish all brands had this. I despise the dealer sales experience.
Re: Elon Musk moves to Texas
#29Criticizes California for excessive regulation, then moves to a state where it's illegal for Tesla to sell its cars. https://en.wikipedia.org/wiki/Tesla_US_dealership_disputes#T...
[deleted]
Re: Elon Musk moves to Texas
#30Historical tweet from a CA Assembly Member from Southern California: https://twitter.com/LorenaSGonzalez/status/12592878791775313...
Great contribution. By the way I’ll never understand people who are proud of their Hispanic heritage but then can’t be arsed to write their own names with the proper accents.
I don't think I know a single latino who accents their Spanish and their name consistently. If I texted my dad asking where the accents in my name are, he might not actually know, lol.
Obvious exception for formal writing.