1. Welcome! Please take a few seconds to create your free account to post threads, make some friends, remove a few ads while surfing and much more. ClutchFans has been bringing fans together to talk Houston Sports since 1996. Join us!

Elon Musk moves Tesla to Texas in Silicon Valley snub

Discussion in 'BBS Hangout' started by Xerobull, Dec 9, 2020.

Page 1 of 13
  1. Xerobull

    Xerobull You son of a b!tch! I'm in!

    Joined:
    Jun 18, 2003
    Messages:
    33,390
    Likes Received:
    30,956
    Elon Musk moves Tesla to Texas in Silicon Valley snub
    Published
    1 hour ago
    [​IMG]IMAGE COPYRIGHTEPA


    Elon Musk has announced he is leaving Silicon Valley for Texas, and predicts the tech hotspot could lose its influence.

    The billionaire entrepreneur declared that California had "too much influence in the world" but that its power is waning.

    Tesla, valued at $500bn (£372bn), has its headquarters in California, but will build a new factory in Austin.

    Space X - Mr Musk's spaceflight company - already has facilities in Texas.

    "The two biggest things that I got going on right now are the Starship development in South Texas ... and then the big new US factory for Tesla," Mr Musk told the Wall Street Journal.

    Living in California "wasn't necessarily a great use of my time," he added.

    media captionSpaceX launch: What is SpaceX and why is it working with Nasa?
    In May, Mr Musk threatened to move Tesla to Texas, after local officials refused to let the car company reopen its factory during the coronavirus pandemic.

    "Frankly, this is the final straw," he tweeted.

    "Tesla will now move its HQ and future programs to Texas/Nevada immediately. If we even retain Fremont manufacturing activity at all, it will be dependent on how Tesla is treated in the future."

    The BBC is not responsible for the content of external sites.View original tweet on Twitter
    Republican Senator Ted Cruz, who represents Texas, welcomed the Tesla chief executive in a tweet: "Texas loves jobs & we're very glad to have you as a Texan," he said.

    This echoes a growing discontent in Silicon Valley, with the cost of living in the area, poor housing provision and high levels of crime.

    Last week, the business-focused tech firm Hewlett Packard Enterprise announced it would be moving its headquarters to Houston, Texas. Its predecessor, Hewlett-Packard, was created out of a garage in Palo Alto in 1938, a place which now features a landmark plaque as the "birthplace of Silicon Valley".

    And Palantir - a leading tech data firm - moved its headquarters out of Silicon Valley to Denver, Colorado this year.

    Mr Musk likened the state of California to a successful sports team: "They do tend to get a little complacent, a little entitled, and then they don't win the championship any more."

    It "has been winning for a long time, and I think they're taking [firms] for granted a little bit," he added.

    Texas might also offer some tax benefits for the world's second-richest man.

    It does not collect personal income tax, while California has some of the highest state tax rates in the United States.

    Last month, Mr Musk's net worth jumped by $7.2bn to $128bn after shares in Tesla surged.

    Only Amazon founder Jeff Bezos is richer, according to the Bloomberg Billionaires Index.






    @tinman faints
     
    #1 Xerobull, Dec 9, 2020
    jiggyfly likes this.
  2. tinman

    tinman Contributing Member
    Supporting Member

    Joined:
    May 9, 1999
    Messages:
    97,943
    Likes Received:
    40,562
    #2 tinman, Dec 9, 2020
  3. TWS1986

    TWS1986 SPX '05, UH' 19

    Joined:
    May 11, 2020
    Messages:
    4,061
    Likes Received:
    4,240
    Woohoo. Go Texas!
     
    #3 TWS1986, Dec 9, 2020
    Tfor3 and tinman like this.
  4. tinman

    tinman Contributing Member
    Supporting Member

    Joined:
    May 9, 1999
    Messages:
    97,943
    Likes Received:
    40,562
    don't go in the D&D, they have LOTS and LOTS of people who hate the state of Texas
    @Reeko
     
    #4 tinman, Dec 9, 2020
    Tfor3 and Astrodome like this.
  5. Xerobull

    Xerobull You son of a b!tch! I'm in!

    Joined:
    Jun 18, 2003
    Messages:
    33,390
    Likes Received:
    30,956
    #5 Xerobull, Dec 9, 2020
    STR8Thugg and jiggyfly like this.
  6. tinman

    tinman Contributing Member
    Supporting Member

    Joined:
    May 9, 1999
    Messages:
    97,943
    Likes Received:
    40,562
    He's one of us now.
    He likes Rockets
     
    #6 tinman, Dec 9, 2020
  7. Dr of Dunk

    Dr of Dunk Clutch Crew

    Joined:
    Aug 27, 1999
    Messages:
    45,180
    Likes Received:
    31,144
    He said he's moving to Texas, not Tesla, right?

    *EDIT* : Yeah, this was posted last week in the stocks & "investing" thread. He's moving to Texas. I don't see anything about moving Tesla to Texas unless I'm missing it.
     
    #7 Dr of Dunk, Dec 9, 2020
    Last edited: Dec 9, 2020
  8. SamFisher

    SamFisher Contributing Member

    Joined:
    Apr 14, 2003
    Messages:
    58,897
    Likes Received:
    36,467
    He said A TESLA is moving to Texas.

     
    #8 SamFisher, Dec 9, 2020
  9. Space Ghost

    Space Ghost Contributing Member

    Joined:
    Feb 14, 1999
    Messages:
    15,059
    Likes Received:
    6,238
    Of course he is moving operations to Texas. That might have been his plan all along. Establishing brand awareness while sucking up all of those subsidies and pawning his overprice Model S and Model X to the hippies. There are Tesla's all over the roads now. Nice cars, but nothing special anymore. He doesnt need California anymore.
     
    #9 Space Ghost, Dec 9, 2020
    tinman and Xerobull like this.
  10. Xerobull

    Xerobull You son of a b!tch! I'm in!

    Joined:
    Jun 18, 2003
    Messages:
    33,390
    Likes Received:
    30,956
    Article says Tesla.
     
    #10 Xerobull, Dec 9, 2020
  11. DaDakota

    DaDakota If you want to know, just ask!

    Joined:
    Mar 14, 1999
    Messages:
    124,091
    Likes Received:
    32,983
    We still should tax these corps something.

    DD
     
    #11 DaDakota, Dec 9, 2020
  12. Dr of Dunk

    Dr of Dunk Clutch Crew

    Joined:
    Aug 27, 1999
    Messages:
    45,180
    Likes Received:
    31,144
    Nah.
     
    #12 Dr of Dunk, Dec 9, 2020
  13. Buck Turgidson

    Buck Turgidson Member

    Joined:
    Feb 14, 2002
    Messages:
    85,721
    Likes Received:
    84,062
    He moved his person, and his personal Foundation, to Texas. Don't know where, because he won't say.

    It'll cost him $500M to clean up all the **** he just exploded.
     
    #13 Buck Turgidson, Dec 9, 2020
  14. tinman

    tinman Contributing Member
    Supporting Member

    Joined:
    May 9, 1999
    Messages:
    97,943
    Likes Received:
    40,562
    then they would be in round rock

    all of those dudes are jacking up the property taxes though!

    How else are you going to get funding for Westlake and Lake Travis
     
    #14 tinman, Dec 10, 2020
  15. TimDuncanDonaut

    TimDuncanDonaut Member

    Joined:
    Feb 20, 2009
    Messages:
    13,377
    Likes Received:
    31,277
    Is elon buying a certain nba franchise from tilly or nah.
     
    #15 TimDuncanDonaut, Dec 10, 2020
    donkeypunch likes this.
  16. Yung-T

    Yung-T Member

    Joined:
    Apr 16, 2009
    Messages:
    24,403
    Likes Received:
    7,048
    "Tesla will now move its HQ and future programs to Texas/Nevada immediately. If we even retain Fremont manufacturing activity at all, it will be dependent on how Tesla is treated in the future."
     
    #16 Yung-T, Dec 10, 2020
  17. Space Ghost

    Space Ghost Contributing Member

    Joined:
    Feb 14, 1999
    Messages:
    15,059
    Likes Received:
    6,238
    That was a quote back in the first COVID shut down.. months ago. It was viewed as an idle threat, however it seems evident he plans to fully act upon it.
     
    #17 Space Ghost, Dec 10, 2020
    tinman and Yung-T like this.
  18. Air Langhi

    Air Langhi Contributing Member

    Joined:
    Aug 26, 2000
    Messages:
    21,625
    Likes Received:
    6,257
    If you removed the Automotive regulatory credits from their income statement they made no profit last quarter. Basically Elon is benefiting greatly from governmental policies, but when its time to pay taxes its time to move.
     
    #18 Air Langhi, Dec 10, 2020
  19. Space Ghost

    Space Ghost Contributing Member

    Joined:
    Feb 14, 1999
    Messages:
    15,059
    Likes Received:
    6,238
    When has he said he wants to leave California because of taxes?

    Perhaps Musk should just shut down Tesla altogether and scuttle all of his research and advances. Im sure GM, Chrysler and Ford can do better.
     
    #19 Space Ghost, Dec 10, 2020
  20. fallenphoenix

    fallenphoenix Contributing Member

    Joined:
    Jun 20, 2009
    Messages:
    9,821
    Likes Received:
    1,619
    isn't think incredibly old? i thought this happened months ago
     
    #20 fallenphoenix, Dec 10, 2020
(You must log in or sign up to post here.)
Page 1 of 13

Share This Page

Toggle Width
Style
ClutchFans Original

  • About ClutchFans

    Since 1996, ClutchFans has been loud and proud covering the Houston Rockets, helping set an industry standard for team fan sites. The forums have been a home for Houston sports fans as well as basketball fanatics around the globe.

  • Rockets Content

  • Support ClutchFans!

    If you find that ClutchFans is a valuable resource for you, please consider becoming a Supporting Member. Supporting Members can upload photos and attachments directly to their posts, customize their user title and more. Gold Supporters see zero ads!


    Upgrade Now