Elon Musk’s decision to move his home and corporate headquarters out of California has many wondering if it is a harbinger of an exodus of major companies leaving the Golden State. Many companies, including Musk’s Tesla, a maker of electric cars, cite high taxes, burdensome regulations and deteriorating quality of life as reasons for leaving. Last Spring, during the first major wave of the COVID-19 pandemic, Musk got into a squabble about re-opening the Tesla production line in Fremont in the East Bay, where his company produces cars in a former GM plant. Alameda County officials ordered it closed as part of the effort to curb spread of the coronavirus. Musk reopened and dared officials to arrest him. They didn’t. During the dustup with county authorities in May, Musk tweeted, “Frankly, this is the final straw. Tesla will now move its HQ and future programs to Texas/Nevada immediately. If we even retain Fremont manufacturing activity at all, it will be [dependent] on how Tesla is treated in the future. Tesla is the last carmaker left in CA.” Newsweek subscription offers > Earlier this month, Hewlett Packard Enterprise, a company that traces its origin to David Packard and Bill Hewlett’s garage… Read full this story
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