Too long, bored. Next.
The guy goes sexual, elon doesnāt comment. I actually liked that.
He looks very tired thoughā¦
Outlaw.
Lock. Him. Up.
I donāt know Elonās end game here. Texas passed multiple laws to ensure Teslas couldnāt be sold there and he says he wants to go there. Nevada was suing him at one point over the gigafactory. So he would rather go to states that have been adversorial to him in the past vs the state that has supported Tesla (think all the climate credits and Tesla friendly policies that CA has passed).
He is selling al his houses and moving to China.
For all his bullshit about China, turns out Tesla has committed to paying at least $320M in taxes a year to China which is way more then what he pays in CA (10% of that number). Thatās why i think he went off his meds. why alienate CA?
Musk is an evil genius. Smart but crazy. But that is why we all are fascinated by him. Similar to Steve Jobs but more likable
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Move all the engineering out of CA as well. Not just the car factory. Iāve had enough of this drama queen.
āIāve had the opportunity to talk to Elon Musk and heās genuinely interested in Texas and genuinely frustrated with California,ā Abbott said. āWeāve just got to wait and see how things play out.ā
How much signals do you need about the possible future? Donāt keep talking about the past, you are not that old, can still achieve something investing is about the future. One should assess the signals that is shaping the future not delve on ingredients of the past. Tesla is not the only business that is frustrated with California, many more are. Donāt wait for the avalanche, respond early.
Companies moving out of California usually means they are not in great shape and past their prime. Canāt compete among champions so need to find a less competitive spot.
Toyota moved its HQ from SoCal to Texas in 2015:
I donāt know why youād ever keep a production line in the Bay Area. Itās one thing to keep development here because you want the talent, but if you need people manufacture, you shouldnāt be here. itās way too expensive. This would be a win-win situation for any red-state. Most of their manufacturing moved to China, and their people are out of jobs.
They are here because they got a sweetheart deal on the old Nummi factory.
plus early days itās helpful to keep manufacturing near R&D so that you donāt waste time when workign on issues