The view from Tesla’s rear view mirror is the state of California.
The company that has had their headquarters in Palo Also, CA for 18 years is relocating, to Austin, Texas, and it marks just the latest high profile person or business that is rejecting California’s high taxes, government over-bearance, traffic, homelessness or whatever else the state has done to inspire so many people to leave.
CEO Elon Musk already made the move in 2020, and now he’s bringing the entire company with him to a state that is more business friendly.
This is part of what Musk said at the Tesla shareholder’s meeting on Thursday.
“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.”
Musk has probably had this move in the works for a long time. Things got very rough between him and California at the beginning of the pandemic in 2020, when he voiced his considerable displeasure with how Gavin Newsom and other leaders implemented harsh restrictions during the pandemic. Tesla had to stop productions at their plane in Fremont becomes of it.
Austin is already home to a huge factory complex is building, and now the corporate office will be there as well.
The EV company will still have a presence in California with the new faculty that is being built now that will produce Tesla’s energy storage product, but other than that, the company’s new home will be Austin.