It turned out that Tesla not only built a factory in Austin, Texas – it also moved its headquarters to the city of California. Elon Musk has announced the displacement at the company’s latest annual shareholder meeting, where it also clarified that Tesla still planned to expand production at a California factory by 50 percent. He explained, however, that there was a “limit for how much your scale at the Bay Area,” because of the price of high-sky houses, which means a long journey for workers who have to stay elsewhere.

This step was not completely surprising: the previous musk threatened to move Tesla’s headquarters from California after Coronavirus Lockdowns forced the company to suspend production in the state. He even called the “Fascist” locking order during a profit call in 2020 and then moved personally from LA to Austin a few months later. That said, it should be noted that Tesla is now based in a country where he cannot sell his car to buyers directly, which has become his approach from the beginning, because of the pro-dealer law.

For Note CNBC, Musk moved to Texas means he will pay less tax. The state does not have a personal income tax, while California has several largest income tax rates in this country. Furthermore, the state has offered a company tax tax to build facilities in the state based on the Texas economic development law.

During the meeting, shareholders also voted on the proposal to improve corporate governance. The New York Times said they agreed to most proposals other than the pair that was opposed by the company, one of which would require companies to publish reports on their efforts to diversify their workplaces. Tesla said in a report (PDF) last year that his leadership in the US was still mostly white and men, while his workforce was 79 percent of men and 34 percent as a whole. Only a few days ago, the company was ordered to pay $ 137 million for damage to former black workers. The plaintiff accused the car maker to close his eyes to discrimination and racial harassment as he worked at his factory in Fremont,