No, but the prospect of getting shut down anytime some minor beaurocrat gets a bug up her ass could be enough for him to begin shifting production elsewhere, get into production elsewhere and simply not increase production in California, move the corporate headquarters out of California...the constant prospect of neverending pointless pains in the ass is very much something that will drive decisions when you're determined to build something and you're already committed to thinking in terms of years and billions of dollars.

Tax money wise, it would probably hurt the politicians more to move the HQ than to move the plant.
The difference in accommodations of automotive HQs vs automotive plants is not small - you can easily tell where the money goes.

HQ related to state of incorporation and tax implications? Is moving HQ just a figure head type of thing and no real impact to CA finances?

quote:

Originally posted by konata88:
HQ related to state of incorporation and tax implications? Is moving HQ just a figure head type of thing and no real impact to CA finances?

Tesla's HQ is in Palo Alto, whereas the manufacturing plant that Musk is barking about, with many more employees, is across the Dumbarton Bridge in Fremont. Moving their HQ would be no big deal logistically, from a taxation position, anywhere is better than CA. Given their high-profile they don't necessarily need to be located in the heart of Silicon Valley anymore. The weather and surroundings are highly desirable but the local elected leaders are starting to bite the hand that feeds them.

The dirty little secret (as far as San Jose is concerned) is that there are Silicon Valleys in a number of places where there are a good number of universities, a fair amount of investment capital and plenty of subcontractors with relevant skills and equipment. There's no reason why any of that has to be in California anymore.

As for the HQ, it doesn't have to be in the state in which Tesla is incorporated so long as Tesla has an agent in California. As long as that agent is capable of formally receiving legal process on behalf of Tesla then nothing more is required. That, company friendly laws and reasonable taxes made Delaware a very popular place for companies to be incorporated. On the other hand, changing the state in which a company is incorporated is really no big deal.

I just posted in the Tulsa thread that Tesla just announced that Tulsa and Austin are the finalists for a new Tesla assembly plant.

Of course this is not about moving the headquarters but it does give California the finger for not getting a 2nd assembly plant.

quote:

Originally posted by OKCGene:
I just posted in the Tulsa thread that Tesla just announced that Tulsa and Austin are the finalists for a new Tesla assembly plant.

Of course this is not about moving the headquarters but it does give California the finger for not getting a 2nd assembly plant.

And he's listed several of his million dollars California homes for sale. The Fremont plant isn't going anywhere, but I like his attitude of sticking it to the Democratic state leadership.

Betcha Austin gets it - Tulsa is good for oil, Austin's better for silicon and a little less further away from interstates.

quote:

Originally posted by Il Cattivo:
Betcha Austin gets it - Tulsa is good for oil, Austin's better for silicon and a little less further away from interstates.

Austin is a better fit for a CA lib, anyway.

Musk really is unpredictable

“ California Gov. Gavin Newsom and Tesla CEO Elon Musk on Wednesday teamed to hold a joint press conference to announce the electric vehicle giant's global engineering headquarters will be in California.”

https://www.foxbusiness.com/po...dquarters-california

^^^^^Musk is merely setting up global engineering in CA. His central HQ is still in Texas.

Given his reasoning for moving out, I find it strange he's doing anything in California

He needs Engineers. Lots of recently laid off Engineers are in the bay area but even without the layoffs, the US Engineer hoard is in the bay area.

Of course, once you assemble a team, you can probably move most or all of the team.

I know for a fact that Tesla is actively making plans to build a factory in Texas .The location has not been finalized yet .My niece is a project manager for one of the main contractors and they seem to have a strange way of doing things .

quote:

Originally posted by Tn226:
Given his reasoning for moving out, I find it strange he's doing anything in California

There’s a ton of tech talent there and since it’s just engineering they aren’t building and selling anything there to get as dramatically affected by the taxes.