Elon Musk will move Tesla's headquarters to Texas in another blow for California business

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Housing affordability is mentioned by the company's chief executive as a big problem for operating in the Bay Area.

The announcement drew cheers and applause from the small audience at Tesla's manufacturing plant in Austin, where Mr Musk delivered his address.

"Mr Musk's announcement highlights yet again the urgency for California to address our housing affordability crisis and the many other challenges that make it so difficult for companies to grow here," Jim Wunderman, president of business advocacy group Bay Area Council, said. One of Silicon Valley's founding companies, Hewlett Packard Enterprise, has also said it will move to the Houston area.Mr Musk also touted Tesla's record vehicle deliveries this year, while noting that global supply-chain disruptions leading to a shortage of computer chips remain a challenge."Basically, if we get the chips, we can do it."

Tesla said last week that it delivered 241,300 electric vehicles in the third quarter, despite the shortage of computer chips that has hit the entire auto industry.

 

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Do not question his decisions, he knows what to do! DNC GOP TexasTribune CNN

Get away, from the woke, green crowd to more productive focused environment

Why is this news who cares it’s America if I move house it’s not news

Not like he paid enough tax in California anyway.

I thought he already did a while ago.

Oracle left.

Just to be clear, though, we will be continuing to expand our activities in California. This is not a matter of leaving California - Elon Musk from this very article

California here I go lol😄

Good on him!

Don’t think the housing market in Austin is that friendly anymore…

Not necessarily a blow, considering California is in the top 10 economies globally. Just elonmusk finding ways to make things more viable aka profitable futuretrillionaire moneytalks mmmhmmcashmoney taxcashgrab

So could people interested in abortion rights stop buying Teslas

What a collosal virtue signal by sadboy Musk.

California is a three trillion dollar economy, they’ll survive.

Why would you stay in California with their high taxes? ElonMusk texas auspol joebiden

Wonder if Texas will ban electric cars? Voter suppression, anti abortion & guns for everyone. Hell! Why not a 'combustion only' mandate. Yee hah!! 😆

Lol hes just running from paying taxes, that's all xD

You think the world's 5th largest economy is going to miss that loser? 🤔

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