The electric car company led by Elon Musk, has announced that it will be moving its headquarters to Texas. The move is meant to take advantage of the state’s lack of corporate income tax and position Tesla as a car manufacturer instead of an automotive company.
The move will be accompanied by a major expansion in production capacity, so much so that Tesla has already started buying up raw materials. Musk has stated on Twitter that the company is excited to build many cars for Texans and all Americans.
Tesla, which had previously operated under a waiver that allowed it to sell directly to customers, was recently put under pressure by GM, who lobbied to have the waiver revoked. Tesla is currently fighting to keep the right to sell vehicles directly to consumers in Texas, as well as other states with similar laws.
Texas’ lack of corporate income tax has made it one of most attractive states for many companies looking to reduce overhead. Recently, both TravelCenters of America and FDRS Pizza announced that they would be moving their home bases to Texas in order to cut costs.
Texas governor Rick Perry defended his state’s tax structure, pointing out the benefits it brings to corporations making an investment in Texas’ future. Well, I think you have to look at what the alternative is. And the alternative, I think, is a state that has had a history of being very business unfriendly Companies have a choice as to where you go to create jobs and investment.
Musk was equally positive about the move, tweeting that he could now consider fully Texas-based options for his companies’ research and development.
There are many reasons why Texas is an ideal place for Tesla’s next headquarters. First, the state has long been committed to clean energy and sustainable transportation solutions. Second, both Houston and Dallas have climates that are nearly perfect for solar panels. Finally, Texans are known for their hunger to break free from foreign oil cartels by embracing new technology. That makes the Lone Star state the perfect place for Tesla’s next home.
This article was written by a community member and does not reflect the opinion of Monkeys Fighting Robots
On April 5, 2016, there will be an election in Texas to determine who will serve as Governor of that great state Gregg Abbott Republican Dan Patrick Republican Leticia Van de Putte Democratic Joseph Morse Libertarian Mark Tippetts Libertarian
Evan McMullin Independent Rick Sheahan Green Gary Johnson
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