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Otaku_Hui88
2021-10-08

Texas ftw~ $TSLA ftw

Tesla Slips as Elon Musk Moves EV-Maker’s Headquarters to Texas

Investing.com – Tesla Motors stock traded 0.7% lower in Friday’s premarket as the market absorbed CE

Tesla Slips as Elon Musk Moves EV-Maker’s Headquarters to Texas

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The management advanced two main reasons for the move. One was the limited scope for expansion at the Fremont factory, the other being the high cost of living in California and the long distances that employees were forced to travel.\nThe company had numerous run-ins with state regulators last year as it tried to keep the Fremont factory open in defiance of state decrees on social distancing. Musk, who has personally already relocated to Texas, called the state's health orders 'fascist' on an earnings call at the time.\nThe electric vehicle maker thus joins a growing a list of companies which have moved out of California. 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