How Elon Musk could save billions by moving Tesla HQ out of California

preview_player
Показать описание
CNBC's Robert Frank breaks down the savings Elon Musk could see on his taxes if he makes good on his promise to move Tesla's headquarters.

Tesla CEO Elon Musk said on Twitter Saturday that the company is preparing to file a lawsuit against Alameda County and will move its headquarters and future operations out of California.

On Friday, Alameda County’s interim public health officer, Dr. Erica Pan, said that health orders to contain a Covid-19 outbreak in the region are still in place, and that Tesla does not have a “green light,” to resume vehicle production at its main U.S. car plant in Fremont, California, yet. She also noted, “We have been working with them, looking at some of their safety plans, and have had some recommendations.”

Tesla had wanted to start production again on Friday afternoon. The plant is where the company makes vehicles for Europe and North America. The company’s headquarters are in Palo Alto, not part of Alameda County.

Unlike other automakers, Tesla’s employees are not part of a union, so it would be easier for the company to significantly alter its operations.

Insulting Pan personally, Musk wrote on Twitter:

“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!”

He also claimed that: “Tesla knows far more about what needs to be done to be safe through our Tesla China factory experience than an (unelected) interim junior official in Alameda County.”

Alameda County responded with a statement saying its Health Care Services Agency and Public Health Department have been working closely with Tesla in Fremont on a safety plan. They said they aim for Tesla to reopen while protecting the health of thousands of employees who travel to and from work at the factory.

“We look forward to coming to an agreement on an appropriate safety plan very soon,” the county said without offering specific details on a timeline. “We appreciate that our residents and businesses have made tremendous sacrifices and that together we have been able to save lives and protect community health in our region. We need to continue to work together so those sacrifices don’t go to waste and that we maintain our gains.”

While Musk characterized Pan as “ignorant,” the doctor has deep experience in both public health and infectious diseases.

Among other things, Pan is a graduate of Tufts medical school, completed a residency and fellowship at UCSF and has worked at Alameda County Public Health Department since 2011 while also working as a physician and professor. She previously worked for six years as the Director of Bioterrorism and Infectious Disease Emergencies at San Francisco Public Health Department, according to her resume on LinkedIn.

Previously, the Tesla and SpaceX CEO cursed and called Covid-19 health orders “fascist,” on a Tesla earnings call. He also erroneously stated that children are “essentially immune” to Covid-19, among other controversial tweets about the novel coronavirus and governments’ efforts to deal with the pandemic.

For access to live and exclusive video from CNBC subscribe to CNBC PRO:


Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.

Connect with CNBC News Online

#CNBC
#CNBC TV
Комментарии
Автор

Step 1: Move out of CA.

You have now saved tons of money.

Havocking
Автор

That man isn’t thinking about Texas, his next move is Mars.. zero taxes on Mars

KingofTeez
Автор

"Selling ALL of his homes in California." ...How many homes in California do you need? 🤣
Elon: None

TreasureByMeasure
Автор

Ok he “announced” headquarters would move out of CA. The threat was if he would leave Fremont plant open.
He is selling his homes. You still think he’s bluffing? Really?

christopherhamilton
Автор

Lots of WORKING Californians will be leaving with him. California will have illegals..homeless..and welfare people.

joemomma
Автор

It’s not personal. What would you do? That’s a ton of money

damonm
Автор

The only thing keeps me in California is the weather...

davidchu
Автор

Hopefully this might lower the price of those EVs?

philliphead
Автор

Elon Musk likes Tony stark he needs money for a future project. Move out of CA

BillionsLyricsMusic
Автор

Elon just move to Texas!!! Commiefornia is acts like dictatorship

allex
Автор

Nice State to visit. Great beaches and National Parks. The end.

thomasbrasse
Автор

He should have never started a business there to begin with. It's hard enough to make a profit anywhere but California it's twice as hard. Taxes and regulations will eat you up.

Kacee
Автор

California is digging it's own grave. I hope he moves out soon.

cashstore
Автор

It's 2020 im Poor. I really Don't care about rich people

onlyonemrxonlyonemry
Автор

Move to Texas and save money... Good deal

lkmcle
Автор

CA: 1) People demonize business 2) Tax and impose expensive regulation
Always incrementally raising taxes. Just a little more tax
Just a little more paperwork

Then wonder why business people leave
But I want their tax money because of their evil profits
So I can spend on free give-aways - which is good and not evil- which make me good

ronaldmcdonald
Автор

I'm in California; and yes, Elon SHOULD leave California;;Just like Toyota, Charles Schwab, Re-Planet, and the California middle-class. Governor Newsom will simply tell him not to let the door hit him on the ass on the way out (taking with him 10-30k jobs and billions in state revenue). California Democrats couldn't care less. This state is falling into the ocean in EVERY way. :(

prisonbound
Автор

Yes!!! Move to Texas so I can buy a Tesla cheaper and have servicing nearby haha

AK-gtzy
Автор

I don't feel like I belong in California.

adrianelias
Автор

Unlike corrupt corporations, all the money from saved in tax is pumped straight back into development, growth and R&D. You guys are stupid to not prioritise high-quality technology and engineering, whereas you give tax cuts to oil/gas and banking groups!


Honestly Tesla's revitalisation of a lazy industry as well as his other ventures will bend these lazy, uncreative types into actually doing some good for humanity instead of chugging away at their short-termist day jobs.

snoopysnoops