{"id":2414322,"date":"2021-10-11T10:05:52","date_gmt":"2021-10-11T14:05:52","guid":{"rendered":"https:\/\/www.valuewalk.com\/?p=2414322"},"modified":"2021-10-11T10:05:52","modified_gmt":"2021-10-11T14:05:52","slug":"teslas-hq-move-to-austin-inspired-by-california-democrat-tweet","status":"publish","type":"post","link":"https:\/\/www.valuewalk.com\/teslas-hq-move-to-austin-inspired-by-california-democrat-tweet\/","title":{"rendered":"Tesla&#8217;s HQ Move To Austin, Inspired By California Democrat Tweet"},"content":{"rendered":"<p>According to the CEO of <a href=\"https:\/\/www.valuewalk.com\/tesla-to-pay-employee-137-million-in-racial-abuse-lawsuit\/\">Tesla Inc<\/a> (NASDAQ:TSLA), a \u201cF&#8211;k Elon Musk\u201d tweet by a Democrat in 2020 inspired him to move the company\u2019s headquarters from Freemont, <a href=\"https:\/\/www.valuewalk.com\/california-is-the-most-crypto-ready-state-study-reveals\/\">California,<\/a> to Austin, Texas. Musk made the revelation during a meeting with shareholders Thursday.<\/p>\n\n\t<!-- Begin Mailigen Signup Form -->\n\t<script type=\"text\/javascript\">\n\t\tif (typeof jQuery == 'undefined') {\n\t\t\tdocument.write('<scr' + 'ipt type=\"text\/javascript\" src=\"https:\/\/list.mailigen.com\/js\/jquery.js\"><\/scr' + 'ipt>');\n\t\t}\n\t<\/script>\n\t<script language=\"javascript\" type=\"text\/javascript\" src=\"https:\/\/list.mailigen.com\/js\/scripts.js\"><\/script>\n\t<script language=\"javascript\" type=\"text\/javascript\" src=\"https:\/\/list.mailigen.com\/js\/subscribe2.js\"><\/script>\n\t<div id=\"MG-placeholder\">\n\t<style>.first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important}\n\n\tform.ebook-styles .error,\n\tform.ebook-styles #error {\n\t\tcolor:#d00;\n\t}\n\tform.ebook-styles .formfields h1,\n\tform.ebook-styles .formfields #mg-logo,\n\tform.ebook-styles .formfields #mg-footer {\n\t\tdisplay: none;\n\t}\n\tform.ebook-styles .formfields {\n\t\tfont-size: 12px;\n\t}\n\tform.ebook-styles .formfields p {\n\t\tmargin: 4px 0;\n\t}\n\t<\/style>\n<div style=\"background:#eee;display:block;overflow:hidden;margin-bottom:24px;padding:40px;\">\n<div class=\"two-thirds first\">\n<p style=\"font-size:22px;margin:0 0 10px;\">Get The Full Series in PDF<\/p>\n\t<p style=\"line-height:1.4;margin-bottom:0;\">Get the entire 10-part series on Charlie Munger in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues.<\/p>\n\t<form action=\"https:\/\/valuewalk.us4.list-manage.com\/subscribe\/post?u=c3eb7a1d092fc854772c834e0&amp;id=f6f5bdb8b5\" method=\"post\" id=\"mc-embedded-subscribe-form\" name=\"mc-embedded-subscribe-form\" class=\"validate\" target=\"_blank\" novalidate>\n <div id=\"mc_embed_signup_scroll\">\n \n\t\t\t\t<div class=\"af-element mc-field-group \">\n\t\t\t\t\t<div class=\"af-textWrap c1\"><input type=\"email\" value=\"\" placeholder='Email Address' name=\"EMAIL\" class=\"required af-element email\" id=\"mce-EMAIL\"><\/div>\n\t\t\t\t\t<div class=\"af-clear\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"af-element buttonContainer\">\n\t\t\t\t\t<input type=\"submit\" value=\"Subscribe\" name=\"subscribe\" id=\"mc-embedded-subscribe\" class=\"button\">\n\t\t\t\t<\/div>\n \n \n\t<div id=\"mce-responses\" class=\"clear\">\n\t\t<div class=\"response\" id=\"mce-error-response\" style=\"display:none\"><\/div>\n\t\t<div class=\"response\" id=\"mce-success-response\" style=\"display:none\"><\/div>\n\t<\/div>    <!-- real people should not fill this in and expect good things - do not remove this or risk form bot signups-->\n    <div style=\"position: absolute; left: -5000px;\" aria-hidden=\"true\"><input type=\"text\" name=\"b_c3eb7a1d092fc854772c834e0_f6f5bdb8b5\" tabindex=\"-1\" value=\"\"><\/div>\n    \n    <\/div>\n\t<\/form>\n\t<script type='text\/javascript' src='\/\/s3.amazonaws.com\/downloads.mailchimp.com\/js\/mc-validate.js'><\/script><script type='text\/javascript'>(function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true);<\/script>\n<\/div>\n<div class=\"one-third\">\n<img decoding=\"async\" src=\"https:\/\/www.valuewalk.com\/wp-content\/uploads\/2017\/06\/Warren-Buffet-Charlie-Munger-ValueWalk-compound-interest.jpg\" alt=\"Charlie Munger eBook\" style=\"width:100%; height:auto\">\n<\/div><\/div><\/div><!-- End Mailigen Signup Form -->\n<p style=\"text-align: center;\"><a href=\"https:\/\/valuewalkpremium.com\/q3-2021-hedge-fund-letters\/\" target=\"_blank\"><em><strong>Q3 2021 hedge fund letters, conferences and more<\/strong><\/em><\/a><\/p>\n<div class=\"ca-widget\" data-token=\"m4bce0adee6c\"><\/div>\n<p><script async defer src=\"https:\/\/secure.money.com\/embeds\/embedder.js?v=1\"><\/script><\/p>\n<h2>Moving Elsewhere<\/h2>\n<p>According to <a href=\"https:\/\/www.foxbusiness.com\/technology\/elon-musk-texas-hq-move-lorena-gonzalez\" rel=\"nofollow\" target=\"_blank\">Fox Business<\/a>, Musk also cited affordability, space, and convenience as further reasons to make the move, and was also outspoken about the company\u2019s intention to expand in the California area.<\/p>\n<p>Tesla\u2019s news website Tesmanian.com had posted an article with the headline \u201cTesla Moved its HQ to Texas Following Explicit Offer from California Assemblywoman.\u201d On Friday, in response to the piece, Musk asserted: \u201cExactly.\u201d<\/p>\n<p>In May last year, <a href=\"https:\/\/www.valuewalk.com\/coronavirus-stimulus-checks-to-artists\/\">Covid restrictions<\/a> in the state forced Tesla to shut down operations, which Musk deemed as \u201cfascist.\u201d California Democrat assemblywoman Lorena Gonzalez hit back with harsh words by tweeting on May 9, \u201cF--k Elon Musk.\u201d<\/p>\n<p>As Fox Business reports, she unleashed an attack on Musk and his handling of the pandemic, and also disapproved how Musk used billions of dollars in government subsidies to fund Tesla.<\/p>\n<p>On the same day of the initial tweet, Gonzalez wrote: \u201cCalifornia has highly subsidized a company that has always disregarded worker safety &amp; well-being, has engaged in union busting &amp; bullies public servants.\u201d<\/p>\n<h2>Not A Good Neighbor<\/h2>\n<p>Lorena Gonzalez continued: \u201cI probably could\u2019ve expressed my frustration in a less aggressive way. Of course, no one would\u2019ve cared if I tweeted that.\u201d<\/p>\n<p>\u201cAnd, the deaths from <a href=\"https:\/\/www.valuewalk.com\/china-coronavirus\/\">Covid-19<\/a> in California are disproportionately Latino. Our communities have been the hardest hit. By far. Maybe that\u2019s why we take the public health officials\u2019 warning and directions so seriously,\u201d she asserted back then.<\/p>\n<p>On Saturday, via Twitter, Gonzalez stuck to those statements while reminiscing how Elon Musk got hold of taxpayer money from government subsidies to develop his businesses while disapproving the COVID-19 restrictions implemented in California.<\/p>\n<p>At a Wall Street Journal summit in December last year, Musk said Tesla and <a href=\"https:\/\/www.valuewalk.com\/space-advertising-falcon-9-outshine-superbowl\/\">SpaceX<\/a> were the last remaining car manufacturer and aerospace company respectively, operating in the state.<\/p>\n<p>Since SpaceX is \u201cnot deserving of taxpayer\u2019s dollars\u201d in the eyes of the Teamsters union, prompted California officials to prevent the company from securing $655,500 in worker training subsidies.<\/p>\n<p>Tesla is part of the <a href=\"https:\/\/www.entrepreneur.com\/snapshot?tvwidgetsymbol=INDEX:ENTREPRENEUR\" rel=\"nofollow\" target=\"_blank\">Entrepreneur Index<\/a>, which tracks 60 of the largest publicly traded companies managed by their founders or their founders\u2019 families.<\/p>\n ","protected":false},"excerpt":{"rendered":"<p>According to the CEO of Tesla Inc (NASDAQ:TSLA), a \u201cF&#8211;k Elon Musk\u201d tweet by a Democrat in 2020 inspired him &#8230; <a title=\"Tesla&#8217;s HQ Move To Austin, Inspired By California Democrat Tweet\" class=\"read-more\" href=\"https:\/\/www.valuewalk.com\/teslas-hq-move-to-austin-inspired-by-california-democrat-tweet\/\" aria-label=\"More on Tesla&#8217;s HQ Move To Austin, Inspired By California Democrat Tweet\">Read more<\/a><\/p>\n","protected":false},"author":21832,"featured_media":2359216,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"no","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6641],"tags":[122574],"states":[],"acf":[],"modified_by":"Umair Tariq","_links":{"self":[{"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/posts\/2414322"}],"collection":[{"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/users\/21832"}],"replies":[{"embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/comments?post=2414322"}],"version-history":[{"count":0,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/posts\/2414322\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/media\/2359216"}],"wp:attachment":[{"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/media?parent=2414322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/categories?post=2414322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/tags?post=2414322"},{"taxonomy":"states","embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/states?post=2414322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}