ICYMI: Tesla joins Oracle, HP and Toyota Motor in moving U.S. headquarters to Texas from California, which has relatively high taxes and living costs
Chief Executive Elon Musk said on Thursday the electric carmaker plans to move its headquarters from Silicon Valley's Palo Alto, California to Austin, Texas, where it is building a massive car and battery manufacturing complex.in moving U.S. headquarters to Texas from California, which has relatively high taxes and living costs. While Silicon Valley also is a hive of development of new ideas and companies, Texas is known for cheaper labor and less stringent regulation.
The Fremont, California factory nonetheless is "jammed" and it is tough for people to afford houses in California, he said. But they voted in favour of a stockholder proposal to reduce director terms from three years to one year and a proposal regarding additional reporting on diversity and inclusion efforts.
Advisory firm Institutional Shareholder Services had recommended that Tesla investors not re-elect the two directors because of concerns about excessive compensation packages to non-executive board members.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Elon Musk says Tesla will move HQ from California to TexasTesla will relocate its headquarters from Palo Alto, California, to Austin, Texas, though the electric car maker will keep expanding its manufacturing capacity in the Golden State, CEO Elon Musk says.
Baca lebih lajut »
Tesla moves headquarters from California to TexasTesla is moving its headquarters from Palo Alto, California, to Austin, Texas, CEO Elon Musk says. Lebeaucarnews reports.
Baca lebih lajut »
Elon Musk anuncia que la sede de Tesla se traslada de California a TexasElon Musk anunció este jueves durante la junta de accionistas de Tesla que la sede del fabricante de automóviles eléctricos de lujo se trasladará de la localidad californiana de Palo Alto a Austin, en el estado de Texas.
Baca lebih lajut »
Newsom praises 'extraordinary' Elon Musk despite Tesla HQ move to TexasOn Friday, Gov. Newsom lavished praise on Elon Musk — despite the Tesla CEO announcing one day earlier he plans to move his company's headquarters from California to Texas. Still, Newsom said California helped make the electric automaker what it is today.
Baca lebih lajut »
Tesla to move headquarters to Texas from Palo AltoDisenchanted with California's political environment, Elon Musk said Tesla will relocate its corporate offices to Austin but will continue to expand in California as well.
Baca lebih lajut »
California helped create Tesla, Newsom says after Musk reveals HQ move'Our regulatory environment helped create that company and grow that company,' Gov. Newsom said after Elon Musk said Tesla would move its headquarters from Palo Alto to Austin.
Baca lebih lajut »