Elon Musk is moving his company’s headquarters from California to Texas for business benefits, according to a Tesla analyst.
The 53-year-old billionaire announced on July 16 that he is moving both SpaceX and X headquarters to the Lone Star State due to the liberal state’s new gender identity laws.
He said Gov. Gavin Newsom’s signing of a law banning California school districts from notifying parents if their child is transgender was “the last straw.”
However, Edward Niedermeyer, author of Ludicrous: The Unvarnished Story of Tesla Motors, believes Musk’s decision stems from business motives.
“I think Musk has made the calculation that he’s gotten all the benefits he can probably get out of the state and he’s moving on to the next state,” Niedermeyer said. The Los Angeles Times.
Elon Musk has announced that he is moving both 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 stems from an ulterior motive
‘The state of California clearly thought that all of its work would earn loyalty [from Musk] but I think it has actually created a sense of entitlement.’
Niedermeyer said that despite his criticism of the Golden State, Musk won’t completely give up his massive investment in the state.
“That talent is very important to the things they want to do. Often that talent is already in California or wants to live there,” he said.
In February, Musk moved the incorporation of his aerospace company Space X from Delaware to Texas after a Delaware judge ruled that the compensation package Tesla received was seriously flawed and required him to repay the package.
Musk has already moved Tesla’s headquarters from Palo Alto, California, to Austin after Alameda County officials refused to let him reopen the factory due to coronavirus restrictions, despite Newsom announcing that manufacturers would be allowed to restart operations.
The billionaire even moved to the Lone Star State in 2020 after living in California for 20 years. He is even in the process of moving SpaceX to Texas after speaking out against California’s liberal policies.
Musk moved Tesla’s headquarters to Austin after Alameda County authorities wouldn’t let him reopen the factory due to coronavirus restrictions (photo Tesla factory in Texas)
He opposed the use of preferred pronouns and often mocked the practice on social media, calling it part of a “woke” agenda that is dangerous to society.
Critics criticized Musk for moving his companies, saying they deserved his business because they had been funded by taxpayers for years and had benefited him.
‘California, through tax credits, [electric vehicle] “The grants and scholarships have made Elon successful,” Lorena Gonzalez Fletcher, president of the California Labor Federation, told The Times.
“That amounts to hundreds of millions of taxpayer dollars that he is constantly spitting in the faces of California workers and taxpayers.”