Tesla’s headquarters will move to Austin

Post by muglug » Fri, Oct 08, 2021, 1:46 AM UTC

scoofy wrote: post #307

minhazm wrote: post #293

Earlier quoted context omitted.

Google maps says downtown Austin to Giga Texas is 17 miles, 24 minutes. I don't know what traffic is like in Austin but I imagine it's not nearly as bad as the bay area. I think a 25-30 min commute is pretty reasonable and most people would happily take that for much cheaper housing. The big difference is that in Austin you have the option to commute a bit for much cheaper housing. But in the bay area you could be co…

Traffic in Austin is insane. Legit insane. Definitely comparable to the Bay Area if not worse. And there is absolutely no transit alternative comparable to BART. There is a morning and evening train, but it's really only effective if you live and work exactly on the stops.

Post by tshaddox » Fri, Oct 08, 2021, 1:47 AM UTC

pmorici wrote: post #109

cjensen wrote: post #76

When CEOs move, they often move their headquarters closer to where they live. Somehow Tesla managed to survive all the problems of California until shortly after Musk moved to Texas. Folks talking about the advantages and disadvantages of California vs Texas may be overthinking this.

Wonder if it had anything to do with this… https://mobile.twitter.com/unusual_whales/status/14462517624...

Post by muzz » Fri, Oct 08, 2021, 1:48 AM UTC

thebradbain wrote: post #258

vondur wrote: post #247

Earlier quoted context omitted.

I thought Prop 13 no longer applies to current purchases? If you own a house under prop 13 it’s under way low property tax, but if you sell it, it get reassessed at the new current value. Is this not the case? When we purchased our house years ago the taxes weren’t cheap and we had to pay the additional Melli-Roos tax.

Prop 13 still applies (though I personally think it inflates home prices in CA above their "true" market value and disincentivizes anyone from selling/moving). When I bought my home this year, it got re-assessed at my purchase price, yes. But for as long as Prop 13 is the law of the land, no matter how much home prices in CA inflate, my property tax is more or less capped at the price I paid for the house.

Post by oxplot » Fri, Oct 08, 2021, 1:49 AM UTC

m4rtink wrote: post #154

With these moves I understand the companies might have good reasons for that (costs, nu-favourable laws, etc.) but it always bothers me what happens to the employees ? Do they just "raise the anchor" and move with the company (if they do actually physically relocate, which does not seem to be really the case in this instance) ? Maybe that's normal in the US but the though of having to leave your friends, parts of fam…

Post by muzz » Fri, Oct 08, 2021, 1:50 AM UTC

falcolas wrote: post #323

Apocryphon wrote: post #56

The official reason is because of housing: "To be clear we will be continuing to expand our activities in California," Musk said. "Our intention is to increase output from Fremont and Giga Nevada by 50%. If you go to our Fremont factory it's jammed." But, he added, "It's tough for people to afford houses, and people have to come in from far away....There's a limit to how big you can scale in the Bay Area." https://ww…

Will Tesla's employee salaries remain the same, or will they go down commensurately like every other re-located SV employee? Because $300k houses are still pretty darned expensive when you're not making SV salaries.