This is good for California.
That is a pretty silly stance for anyone who likes tax revenue.
Tesla’s headquarters will move to Austin
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Re: Tesla’s headquarters will move to Austin
#12> Our European visitors are important to us. alt: https://www.cnbc.com/2021/10/07/tesla-moves-its-headquarters...
Re: Tesla’s headquarters will move to Austin
#13I know this is charged but it's genuine question due to my ignorance - why are companies having or moving HQs to Texas? It feels that : 1. It's way out of temperate climate that one would live in when given full choice and all things equal (understanding they never are of course - I live in great white North :) 2. Politics are highly conservative and frequently invasive. now clearly half of Americans like it that way…
Re: Tesla’s headquarters will move to Austin
#14While this move is great, I'm skeptical of the idea that moving to Austin is a political panacea for moderate/center-right/libertarian governance.
- The same percentage of people who voted for hard leftist candidates in SF also voted for hard leftist candidates in Austin. Don't believe me? Check it out for yourself: https://en.wikipedia.org/wiki/2020_Texas_Democratic_presiden... This means that, fundamentally, people in Austin believe the same things that people in California do.
- There are homeless issues in Austin, just as there are in SF (though not as bad as SF, it's getting worse every year).
- Many people don't realize how regulatory constrained Austin is for new buildings/housing. The same NIMBYism exists in Austin too, just like SF! But this isn't surprising since people in Austin basically have the same politics as people in SF. The only reason why rents are cheaper (though that's changing as more people move in), is because Austin isn't as big as SF. If all of the intelligent tech people moved to Austin, it would have the same supply & demand problems that SF has (since you'd have the same number of people mixed with the same regulatory constraints on new housing supply).
- Yes, it's true Austin is a place with zero income tax and fewer business regulations, but that's only because it's held at bay by the surrounding red regions of Texas. But it's only a matter of time before Texas turns blue. So in the long-run -- when the state house will be controlled by the same party running California -- why would you expect tax rates and regulations to stay low? In 10 years, Texas will have the same political makeup (at the city, state, and federal levels) as California!
- The bulk of taxes and regulations aren't at the state/city levels. They're at the Federal level. A zero percent state income tax is cool, but it only goes so far. Is the entire tech ecosystem really going to sustain this movement for a mere 10% drop in total taxes? The SF/NYC network effects are still very strong. I'm not sure such a marginal/incremental decrease in taxes is enough to affect this sort of change.
Power to Tesla though. I really, really hope to be proven wrong.
Re: Tesla’s headquarters will move to Austin
#15Yet, Tesla will still have to ship Texas cars out of state to sell to Texans.
[1] https://www.architecturaldigest.com/story/elon-musk-lives-pr...
[2] https://www.teslarati.com/tesla-megapack-lathrop-megafactory...
Re: Tesla’s headquarters will move to Austin
#16I know this is charged but it's genuine question due to my ignorance - why are companies having or moving HQs to Texas? It feels that : 1. It's way out of temperate climate that one would live in when given full choice and all things equal (understanding they never are of course - I live in great white North :) 2. Politics are highly conservative and frequently invasive. now clearly half of Americans like it that way…
Re: Tesla’s headquarters will move to Austin
#17How does this save or make Elon Musk money, personally? Because that seems to be the question that underlies almost every major move Tesla has made since Elon took over.
Given that half of Elon's wealth is Tesla stock, what makes Elon money is pretty much inseparable from what makes the company money. Weird thing to complain about.
Re: Tesla’s headquarters will move to Austin
#18I know this is charged but it's genuine question due to my ignorance - why are companies having or moving HQs to Texas? It feels that : 1. It's way out of temperate climate that one would live in when given full choice and all things equal (understanding they never are of course - I live in great white North :) 2. Politics are highly conservative and frequently invasive. now clearly half of Americans like it that way…
Re: Tesla’s headquarters will move to Austin
#19I know this is charged but it's genuine question due to my ignorance - why are companies having or moving HQs to Texas? It feels that : 1. It's way out of temperate climate that one would live in when given full choice and all things equal (understanding they never are of course - I live in great white North :) 2. Politics are highly conservative and frequently invasive. now clearly half of Americans like it that way…
Did you miss the memo? Progressives hate Tesla now.
Re: Tesla’s headquarters will move to Austin
#20I know this is charged but it's genuine question due to my ignorance - why are companies having or moving HQs to Texas? It feels that : 1. It's way out of temperate climate that one would live in when given full choice and all things equal (understanding they never are of course - I live in great white North :) 2. Politics are highly conservative and frequently invasive. now clearly half of Americans like it that way…