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Musk just announced that it would move its headquarters to Texas, and Tesla acquired Huihui

On October 12, according to foreign media reports, although Tesla is moving its headquarters out of California, its CEO Elon Musk made it clear that the carmaker will continue to expand in the state. Musk has begun to fulfill its promise, and Tesla has just taken over most of HP's parks in Palo Alto < p > < / P > < p > according to sources familiar with the Palo Alto rental market, Tesla has just completed the expansion of local office space, increasing the area by 325000 square feet (about 30000 square meters). The company will lease space from HP at 1501 page Mill Road, which used to be the latter's global headquarters, just minutes from Tesla's current office. The lease term is believed to be 10 years < p > this move once again raises doubts about Tesla's real intention to move its headquarters. Not long ago, when musk announced that it would move Tesla headquarters from Silicon Valley, California to Austin, Texas, its supporters and Texans cheered the decision. Texas governor Greg Abbott boasted that the state was a "place of opportunity and innovation", and local media also called Musk's statement a "major blow to California" However, in fact, Musk's decision to move Tesla's headquarters from Palo Alto to Austin is not as simple as it seems. Externally, this move is often viewed against the background of Musk's repeated complaints about too strict business regulation in California, especially the local officials of Alameda County who tried to force Tesla Fremont automobile factory to comply with epidemic prevention and shutdown last year Shi. But internally, this is not the case. < / P > < p > musk gave an explanation at last week's Tesla shareholders' meeting in 2021. He mentioned that the high housing costs and long-distance commuting in California have brought a huge burden to employees. In any case, the headquarters relocation is not entirely news: musk first announced the existence of alcohol in the struggle with Alameda County in May 2020 Italy moved Tesla's headquarters out of California. At that time, he also threatened to close the Fremont plant, saying that "it depends on Tesla's future situation". < / P > < p > over time, Musk's threat to close the Fremont plant finally became a bluff. At the shareholders' meeting, he highlighted Tesla's intention "It's actually increasing the production of Fremont plant by 50%" At the same time, the production of the company's battery plant in Nevada will also be increased by 50%. < / P > < p > at present, the Fremont plant has about 10000 employees. The number of employees at the Palo Alto headquarters is unknown, but there must be hundreds. The company has not stated how many people will be asked to move to Austin. Musk clarified at the annual meeting: "We will continue to expand our activities in California, which has nothing to do with whether Tesla leaves California." Nevertheless, the statement of moving the headquarters provides an opportunity for us to examine the relationship between musk and Tesla and California. < / P > < p > compared with the benefits obtained by the company, moving Tesla headquarters to Texas may bring more benefits to musk himself, because the state does not levy personal income tax, while the income tax rate in California can be as high as 13.3%. According to musk No and how to exercise the stock options that make up his salary and the trend of Tesla's stock price, he is expected to earn tens of billions of dollars in income in the next few years, and moving out of California is expected to save him a lot of taxes. < / P > < p > in addition, like most large American companies, Tesla is also incorporated in Delaware, which is due to the state's management friendly company regulations. No Any sign indicates that this situation will change. To sum up, it is obvious that Tesla's relocation of the headquarters is mainly an affectation with a bit of musk hypocrisy. < / P > < p > last year, when making the initial threat, musk was asked whether he needed California more or California needed him more. Many people gave the first answer. The reasons are as follows: < / P > < p > first Tesla received special treatment in California. After Tesla moved out of its headquarters, governor Gavin Newsom said that the company had received "hundreds of millions of dollars" from California State subsidies. < / P > < p > according to the statistics of the state government, Tesla buyers received a total of $334.7 million in state tax rebates from March 2010 to January 31 this year. This is almost half of the $688.6 million rebate granted to people who buy battery powered electric vehicles, including Tesla cars. Tesla buyers are also eligible for benefits provided by power companies. < / P >

A clean energy website once reported that different levels of environmental incentives and subsidies in California can reduce the cost of buying Tesla cars by $13000, depending on the location and income level of the buyer. This will reduce the cost of Tesla Model 3 with the lowest price from the list price of $39000 to about $26000. < / P > < p > obviously, Texas will not provide such incentives to Tesla buyers Rewards of scale. Tesla's state tax rebate list does not list anything that Texas provides to its buyers, although some local power companies provide discounts for buyers to install charging equipment at home. < / P > < p > although California rewards and subsidies are usually paid to buyers rather than companies, it is obvious that this has a lot to do with Tesla's marketing success in the state Nearly half of the company's U.S. sales. < / P > < p > this also reflects California's aggressive policy to shift vehicles from gasoline to electric vehicles. As of 2018 (latest data available) , California's per capita electric vehicle registration ranks first in the United States, with 11.96 vehicles per 1000 people, more than twice that of the runner up state of Washington. The number of Texas is only 1.36, less than the national average (3 vehicles) California's policy aims to encourage more people to buy electric vehicles. Governor Newsom signed an executive order last year to ban the sale of new gasoline powered cars and light trucks in the state after 2035. Many believe that this order can not only promote buyers to buy electric vehicles before the ban takes effect, but also stimulate the development of electric vehicle charging infrastructure Expansion. < / P > < p > on the other hand, Texas has surpassed California in tax cuts and other support for Tesla. According to good jobs first subsidy tracker, Texas and local governments have provided Tesla with more than $65.4 million in subsidies, mainly property tax relief, to attract Tesla's factories to Austin. California only provides about $15.6 million in state employment Exhibition funds. < / P > < p > Second, legal issues in California and Texas. It is reported that Ma ?
2023-03-22 10:04:45

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