After the recent feud with the officials of California, Elon Musk has decided to move to Texas. This comes out as big news for both Tesla and SpaceX and also for Texas.
Republican Senator Ted Cruz, the representative of Texas, welcomed the Tesla chief executive with a tweet: “Texas loves jobs & we’re very glad to have you as a Texan,”.
It all began, after the local officials of California did not allow Tesla to open their shop during the Pandemic period. In a tweet, Mr. Musk said- “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.”
Currently, Musk has manufacturing units of both Tesla and SpaceX in Austin, Texas.
If you are someone who lives under a rock, then let’s first understand who is Elon Musk.
Who is Elon Musk?
Currently, Elon Musk holds the title of 2nd Richest Person of the World, just after Jeff Bezos. But his fans call him ‘Tony Stark of real-world’.
But Mr. Musk is known for the companies’ names Tesla and SpaceX.
Following are the companies that Mr. Musk has founded, that has grabbed the lime light and people’s attention:
- Tesla- Tesla is an American electric car manufacturing company. Elon Musk co-founded the company in 2003. He is the CEO, leads the product designing, engineering, and manufacturing of the company.
And now Tesla leads the electric vehicle market. Last year, Tesla broke the internet with the launch of its electric Cyber Truck. Which is inspired by the ‘Back to The Future’ movie.
- SpaceX- It is an American aerospace manufacturer and space transportation services company. And founded by Elon Musk in 2002. It is a private company with a focus to make space travel accessible to normal citizens.
Now the company also has a NASA contract for various space exploration projects. The notable achievement of SpaceX is its vertical landing rocket, named- “Falcon”. Now, many other companies are also trying to penetrate the market, while it is still in its early stage.
- PayPal- It is one of the 1st companies to start electronic money transfer or online payment system. Now PayPal has evolved manyfold, now it is mostly used to transfer money overseas.
In 1998 Elon Musk co-founded the company with his brother. And later in 2002 after the IPO of PayPal, Elon Musk sold the company to eBay.
- The Boring Company- Elon Musk founded the company in 2016. He founded this company to solve the city commute problem. With the vision of making faster and cheap daily public commutes.
The transportation system is based on the vacuum tunnel concept. Under the vacuum, there will be no friction, hence saving on the energy-waste. And ultimately, the speed would be much faster as compared to the likes of Bullet Trains.
Click here to know more about it.
Why Tesla and SpaceX are moving to Texas?
Elon Musk in a statement said for the government that “monopoly that cannot go bankrupt” adding after that “regulations are immortal” he said.
Musk for himself has decided that he will move to Texas. And also, in the process of moving the operation of Tesla and SpaceX to Texas.
He explained in the Germany conference, that he will be the last one to move out of Silicon Valley. As many car manufacturing and aerospace companies, before him, have already found a new home out of California.
This all began when the local officials rejected Musk’s request to let the Tesla work during the pandemic period. Later on, he threatened the official of California that he will move his operations to somewhere else, through a tweet. And later on, he put out a series of tweets stating the problems with the government officials.
In a tweet, Musk said “Tesla is filing a lawsuit against Alameda County immediately. The unelected & ignorant “Interim Health Officer” of Alameda is acting contrary to the Governor, the President, our Constitutional freedoms & just plain common sense!”
Tesla is filing a lawsuit against Alameda County immediately. The unelected & ignorant “Interim Health Officer” of Alameda is acting contrary to the Governor, the President, our Constitutional freedoms & just plain common sense!
— Elon Musk (@elonmusk) May 9, 2020
For now, Elon Musk has decided to move to Texas. And though the headquarter of both Tesla and SpaceX are in California. But it’s clearly evident that soon, they will transfer most of their operation to Texas.
Elon Musk has been vocal about the fewer Governments involvements in the past. And Trump government also supported this notion, by clearing out some bills. That way businesses can smoothly run with less federal involvement.
Now, after this feud, an exodus of companies has already begun. Many tech giants are planning to move their operations from Silicon Valley to some other part of America.
It’s true that once upon a time, Silicon Valley has shaped the world that we are seeing now. But, with time they need to upgrade as well.
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