The company that was born in Silicon Valley in the early 2000s is moving its headquarters to Texas where billionaire CEO Elon Musk already lives.
“California is the birthplace of innovation, the 5th largest economy in the world and home to the biggest ideas and companies on the planet—that success is not despite our progressive policies, but because of them,” said Erin Mellon, a spokesperson for Newsom.
“We stand up for our workers, public health, and a woman’s right to choose. These are California’s fundamental values, and we’ll continue creating more jobs than any other state, outpacing the nation’s economic recovery, and maintaining the lowest COVID-19 case rates in the country,” she said. Tesla’s headquarters move is the first by an automaker in the state since Toyota similarly announced plans to move its North American headquarters from suburban Los Angeles to suburban Dallas.Tesla's Texas Gigafactory is to begin vehicle production by the end of 2021.
Among the issues Musk cited were the company’s need for additional space, expensive home prices in the Bay Area and long commutes for workers. “We’re here in Austin and our factory is like five minutes from the airport, 15 minutes from downtown,” Musk said. “We're going to create an ecological paradise here on the Colorado River. It’s gonna be great.”
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