Tesla’s headquarters will move to Austin

How 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.

Re: Tesla’s headquarters will move to Austin

#8

Post by bpodgursky » Fri, Oct 08, 2021, 12:03 AM UTC

anonymouswacker wrote: post #6

This is good for California.

That is a pretty silly stance for anyone who likes tax revenue.

Re: Tesla’s headquarters will move to Austin

#9

Post by NikolaNovak » Fri, Oct 08, 2021, 12:04 AM UTC

I 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,but still,seems odd for largely progressive company like Tesla that's ostensibly working to put oil industry on defence... And that's not even allowed to sell there.

Taxes?some quid pro quo to get sales in? Something else?

Re: Tesla’s headquarters will move to Austin

#10

Post by nabaraz » Fri, Oct 08, 2021, 12:04 AM UTC

Sort of a misleading headline. From the article[1]

> Musk continued on to say they will still be expanding activities in California, but they want to do that in Texas too.

> “This isn’t a matter of Tesla leaving California, our intention is to actually increase output,” he explained.

1. https://www.kxan.com/news/business/elon-musk-announces-tesla...