Elon Musk, one of the phenomena of the technology world; In 2004, one year after its establishment, Tesla became the boss with only 6.5 million dollars investment; will no longer be part of Silicon Valley. The world’s largest automobile company has decided to move from California to Texas due to high taxes and high cost of living.
Tesla, the electric car and ecosystem company founded by Elon Musk, is moving from Palo Alto, California, or Silicon Valley, where it has been managed since its establishment. Its new headquarters will be in Austin, Texas, where a car and battery factory is being built. Behind the decision, according to Reuters High taxes and expensive living standards in California lies.
Although the state of California, where Silicon Valley is located, is seen as a place where new ideas sprout by the whole world, tax policies are quite strict. For this reason, Oracle, HP, and Toyota Motor companies, which were previously owned by Facebook, also moved their headquarters to Texas. Texas is more for companies. attractive center due to low tax rates became.
The high tax policy is pushing the company, and the expensive living standards are pushing the factory workers:
Tesla’s factory in California, where its former Headquarters is located
According to the US press, the income of the workers at the Tesla factory in California has reached a level that is not even enough to buy a house to live in the region. The reason for this is that California has become the center of wealthy companies and high-level employees, and the state government has cut this cut. act by setting appropriate policies is showing.
According to Elon Musk, who voiced the decision at the first shareholders’ meeting of this year, “relocating the company’s headquarters does not mean that they actually left California completely.” It is aimed to increase the capacity of Tesla factories in California and Nevada by 50% by moving the headquarters to a cheaper state.
SpaceX’s new rockets and Elon Musk’s home are located in the same place, Texas:
Elon Musk’s other company, which has been focusing on its main project for a long time, Starship The launch site where SpaceX tests its rockets It is located in the south of Texas. There is also a long-running automobile factory in Freemont, Texas, where Tesla’s new headquarters will be located. The house where Elon Musk has lived for a while is also very close to both areas.
Elon Musk threatened to relocate the California government a long time ago:
At the time of the Covid-19 epidemic, Tesla’s factory in California was closed due to the measures taken and production was disrupted. Upon this decision, Musk confronted the state government and threatened to move to Texas, whereupon member of parliament Loreno Gonzalez “F*ck Elon Musk” he tweeted.
To the meeting where Musk decided to move, “Don’t mess with T” It’s said to be joined by a printed, cowboy-style waist belt. This phrase is also the name and slogan of the “Don’t mess with Texas” campaign used for environmental awareness in the state of Texas.