Column: Elon Musk’s moving Tesla’s HQ to Texas is mostly about posturing - News Summed Up

Column: Elon Musk’s moving Tesla’s HQ to Texas is mostly about posturing


Elon MuskAdvertisementMusk’s announcement of Tesla’s headquarters move to Austin from Palo Alto isn’t all that it seemed on first blush. Moving Tesla’s HQ to Texas may benefit Musk personally more than his company, because Texas has no income tax and California’s income tax tops out at 13.3%. Put this all together, and it becomes evident that Tesla’s headquarters move is mostly about posturing, with a touch of Muskian hypocrisy thrown in. Tesla buyers received $334.7 million in state rebates between March 2010 and Jan. 31 this year, according to state statistics. In some respects, Musk’s rationale for moving Tesla’s headquarters reflects reality on the ground.


Source: Los Angeles Times October 11, 2021 18:56 UTC



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