Elon Musk is moving his company’s headquarters from California to Texas for business benefits, a Tesla analyst has claimed.
The 53-year-old billionaire announced he will move SpaceX and X headquarters to the Lone Star State due to the liberal state’s new gender identity laws on July 16.
She said Gov. Gavin Newsom’s signing of a law banning California school districts from notifying parents if their child is transgender was “the straw that broke the camel’s back.”
However, Edward Niedermeyer, author of ‘Ludicrous: The Unvarnished Story of Tesla Motors’, believes Musk’s decision is commercially motivated.
“I think Musk has calculated that he’s gotten all the benefits he’s likely to get from the state and is moving on to the next one,” Niedermeyer said. The Los Angeles Times.
Elon Musk announced that he will move SpaceX and X headquarters to Texas due to California’s new gender identity laws
Edward Niedermeyer (pictured), author of ‘Ludicrous: The Unvarnished Story of Tesla Motors’, believes Musk’s decision has an ulterior motive
‘The state of California clearly thought all of its work was buying loyalty, but instead I think it bought a sense of entitlement.’
Niedermeyer said that despite Musk’s criticism of the Golden State, he won’t completely abandon his massive investment in the state.
“Having that talent is really important for a lot of the things they want to do, and that talent is often already in California or wants to live there,” he said.
In February, Musk moved the incorporation of his space exploration company Space X from Delaware to Texas after a Delaware judge ruled that the compensation package he received from Tesla was seriously flawed and he was ordered to repay it.
Musk already moved Tesla’s headquarters from Palo Alto, California, to Austin after Alameda County officials wouldn’t let him reopen the plant due to coronavirus restrictions, despite Newsom announcing that manufacturers could restart operations.
The billionaire himself had even moved to the Lone Star State in 2020 after living in California for two decades and was already in the process of relocating SpaceX to Texas while speaking out against California’s liberal policies.
Musk moved Tesla’s headquarters to Austin after Alameda County officials wouldn’t let him reopen the plant due to coronavirus restrictions (Tesla plant in Texas photo)
She has spoken out against the use of preferred pronouns, often mocking the practice on social media and dismissing it as part of a “woke” agenda that is dangerous to society.
Critics have slammed Musk for moving his companies, saying they deserve their business after taxpayers funded them and made him profitable for years.
“California, through tax credits, subsidies (for electric vehicles) and training grants, made Elon successful,” Lorena Gonzalez Fletcher, president of the California Labor Federation, told The Times.
‘That amounts to hundreds of millions of taxpayer dollars for him to continue spitting in the faces of California workers and taxpayers.’
