(cont'd from yesterday's post)
Highly taxed and highly regulated, that's the California that some businesses are leaving behind.
In May of 2020 Elon Musk defied the lockdown of his Tesla factory in Fremont, saying on twitter, "This is the last straw." While that factory will stay in Fremont, the headquarters is going to Texas and a new factory is also being built there.
He likens California to a team that used to win a lot, but is now complacent, entitled, and doesn't win championships anymore.
“It’s worth noting that Tesla is the last car company still manufacturing cars in California,” Musk said. “There used to be over a dozen car plants in California, and California used to be the center of aerospace manufacturing. My companies are the last two left.”
from NYPost
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