'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.
While regulators investigate a spate of Teslas steering themselves into parked vehicles, Tesla owners have been reporting faulty collision-avoidance systems.But Newsom, a prominent Democrat who often contrasts his state’s actions with those of Republican-led Texas, said California’s business climate remains strong, particularly for clean-energy companies. He boasted that the state leads the nation in factory jobs, venture capital investments and new companies going public.
And he said California deserved some of the credit for Tesla’s success, giving the company “hundreds of millions of dollars” in tax breaks and adopting policies to encourage electric cars. California has for years required automakers to sell zero-emission vehicles in the state or buy credits from companies that do, and it remains the country’s largest electric vehicle market.
“Our regulatory environment helped create that company and grow that company,” Newsom said. “I have reverence and deep respect for that individual. But I also have deep reverence and respect for this state and what we’ve done.” Newsom was asked whether a tweet sent last year from state lawmaker Lorena Gonzalez in which she invoked Musk’s name with an expletive was appropriate and contributed to his decision to move to Texas. Musk tweeted “exactly” on Friday when the comments were pointed out in a blog about the move.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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 said Thursday.
Read more »
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.
Read more »
Tesla to Move Headquarters From California to Texas, Elon Musk SaysTesla said it will move its headquarters to Austin, Texas, from its longtime base in Silicon Valley
Read more »
Tesla will move its headquarters to Texas, Elon Musk saysTesla is relocating its headquarters out of California to Austin, Texas, Elon Musk says
Read more »
Tesla moves headquarters from California to TexasTesla is moving its headquarters from Palo Alto, California, to Austin, Texas, CEO Elon Musk says. Lebeaucarnews reports.
Read more »
Opinion: As Elon Musk moves Tesla to Austin, some surprising lessons about low taxes and economic growth from Texas and CaliforniaOPINION: Here's something to keep in mind as Elon moves Tesla to Austin: People are looking for the best value that comes with higher taxes like good schools, neighborhoods and parks.
Read more »