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On December 5, according to several close friends and colleagues, Tesla and SpaceX CEO Elon Musk had informed them that he planned to move from California to Texas.

In fact, Musk's tendency to move to Texas has long been a sign. In May of this year, Musk listed his house and other assets in California for sale while he was debating with state lawmakers on the new crown pneumonia epidemic restrictions. At the same time, Musk is also expanding business in Texas and establishing closer ties with Republican Governor Greg Abbott.

Musk is now the second richest person in the world after Amazon founder Jeff Bezos (Jeff Bezos), and often travels to Texas. He spends most of his time between Austin and the coastal village called Boca Chica, where Austin is where Tesla and the tunneling startup The Boring Company operate, and Boca Chica is a number of SpaceX facilities location.

 

SpaceX began operating in Texas as early as 2003. Musk often posts photos and videos about SpaceX's test and launch sites through social media, where the company also manufactures prototypes of interstellar spacecraft.

California is often condemned by the super-rich for its high tax rates and strict supervision. As companies seek to cut costs and prepare for future remote decentralized work, many well-known technology companies have withdrawn from California during the outbreak. In May of this year, when companies across California were forced to close due to the epidemic, Musk said that he would move Tesla's headquarters and future operations from California to Texas and Nevada.

According to the compensation plan Musk received in 2018, leaving California, which has the highest personal income tax collection in the United States, and entering Texas, which does not charge income tax at all, can save him billions of dollars. According to the plan, Musk received a total of 101.3 million shares this year (after a 1:5 split) stock award. Tesla shares have soared 782% in the past 12 months. According to Thursday's closing price, as of October, Musk has received pre-tax incentives worth about $20 billion.
It is not easy to determine where Musk lives because he claimed to sell all "physical property" and announced in May that he "will not own any housing." Soon after that, he put up several houses in California for sale. There is no public record showing that Musk has officially changed his residence. The White Pages online database still shows that his main residence is Los Angeles.

But even relatives and friends said that they did not know exactly where Musk lived there, and he tried to keep these details secret. But Texas Governor Abbott said that Musk is definitely taking action. He said in an interview in July that Musk told him he had obtained a Texas driver's license and was now a "real Texan." Abbott also said that Musk is building a Tesla factory in the state because it will allow him "freedom to expand in the way he wants."

To help attract Tesla's new factory, local officials in Texas granted the company tens of millions of dollars in property tax relief. Musk confirmed on the company's second-quarter earnings conference call in July that the Texas plant covers an area of ??about 810 hectares and is a 15-minute drive from the city center. It will be used to produce electric pickups CyberTruck, electric truck Semi, Model 3 and Model Y. Musk said that the plant will start delivering cars next year.

In addition to SpaceX and Tesla, Musk's tunneling company also has offices in Texas. The newly established company has 17 job vacancies listed on its website, of which 7 are in Austin, where Musk hinted to build a tunnel. The Boring Company investor Joe Lonsdale (Joe Lonsdale) is the co-founder of Palantir and a friend of Musk. He recently moved from Silicon Valley to Austin.

Currently, Tesla is still headquartered in Palo Alto, California, and the company continues to produce cars at the nearby Fremont plant. SpaceX's main address is 1 Rocket Road in Hawthorne, Los Angeles County.

But Musk's personal financial reasons for leaving California are significant. According to the 10-year compensation plan approved in 2018, Musk can obtain more than $50 billion in stocks and 12 batches of awards. When he receives the award, he will have to pay income tax. California's highest income tax rate is 13.3%, while Texas is zero. Tesla's market value now exceeds 550 billion U.S. dollars, and its market value at the beginning of this year is far below 100 billion U.S. dollars. (Little)
Musk talks about why we have six children: Humans should beware of population collapse, I set an example (Source: Pear Video)
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Tesla's Texas plant has begun to take shape and plans to start production by the end of next year

On December 1, the electric vehicle manufacturer Tesla's factory in Austin, Texas, USA has begun to take shape. Both sides of the first phase of the project are stepping up construction. The current focus is on increasing Model Y capacity.

In May 2020, Tesla announced the establishment of a factory in Austin. Initially, this factory was called the Cybertruck factory, and the purpose was to produce Tesla's new electric pickup trucks. However, the approval process for the project took longer than Tesla expected. It was not approved until the end of July 2020, which prevented the company from establishing any production facilities there by the end of the year, but the project is still advancing rapidly.

Pictures of the construction site last month showed that the foundation of this factory has been basically laid. Just a month later, images posted by netizens showed that the factory has begun to take shape with the appearance of the prototype of the first building. In the picture, you can see the steel beams of a two-story building with foundations around it, and you can even infer the approximate area of ??the building.

 

On the other side of the first phase of the project, there is also a lot of construction work in progress, which may be the foundation of the giant casting machine that Tesla is about to build for the plant. The current progress is exciting. The most difficult part will happen early next year, when Tesla is expected to begin deploying production equipment on site to prepare for production.

 

Initially, the focus of the Texas plant will be on Model Y production, and it is hoped that the Model Y assembly line will be completed by the end of next year. However, Tesla will soon start producing CyberTruck here.

Tesla CEO Elon Musk recently stated that in order to start production of CyberTruck by the end of next year, all construction of the Texas plant needs to be kept smooth, and they also need to provide the exoskeleton body for electric pickup trucks. Develop new manufacturing processes. Musk warned that trying to achieve the above goals will face challenges, and he is ready for possible delays.

The official time for the Texas plant to start operations is around May 2021, but it does not necessarily start with the manufacture of complete vehicles. Tesla also recently acquired more land around the Texas plant and hopes to deploy battery production facilities in the plant. (Little)

Musk: Tesla headquarters will stay in California in the short term and may move out in the future

[TechWeb] On August 6, according to foreign media reports, Elon Musk, CEO of electric car manufacturer Tesla, said that Tesla’s headquarters will remain in California in the short term, but it may be possible in the future Move to another state.

 

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In May of this year, when Tesla struggled with the California local government to reopen its Fremont factory, Musk had stated that he would "immediately" move Tesla's headquarters out of California. Today, three months later, he once again raised the possibility of relocating Tesla's headquarters.

 

Previously, due to the impact of the epidemic, Tesla's factory in Fremont, California had been closed for a month and a half. During this period, Musk has repeatedly expressed his dissatisfaction.

Later, on May 7, California Governor Gavin Newsom (Gavin Newsom) issued an executive order allowing manufacturers to resume operations. After the executive order is issued, Musk plans to restart production at the California factory on the afternoon of May 8.

However, Tesla's plan to restart production at the California plant was opposed by Alameda County, where the plant is located. The county health department stated that the company cannot reopen because the local blockade measures are still in effect.

The fact that Alameda County prevented the California factory from resuming work angered Musk. He said Tesla will file a lawsuit against the county. Moreover, he threatened to move Tesla's headquarters and future projects from California to Texas or Nevada. He said that whether Tesla will continue to manufacture in California will depend on Tesla's future treatment.

In the end, the Alameda County Health Department made a concession, and the county agreed to reopen Tesla's California factory on May 18, but this was not fast enough for Musk.

Later, Musk really talked with the governor of Texas about the possibility of relocating Tesla's California factory to Texas.

Not only that, Musk also announced on the previous second-quarter earnings conference call that Tesla's next super factory will be built only 15 minutes away from Austin, Texas. (Little Fox)



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