Economy

Corona frustration: Musk wants to move company headquarters

Tesla boss Elon Musk wants that Head office of the electric car manufacturer due to continuing corona restrictions in California relocated to another US state. He also threatens to withdraw production in California. Tesla will headquarter and upcoming future projects “immediately” to Texas or Nevada embarrassed, wrote Musk on Saturday (local time) Twitter. “Honestly, that’s the icing on the cake,” he added regarding the requirements of the Alameda district San Franciscothat would prevent the Tesla factory there from reopening before June.

legal action

He would be sued immediately against the district’s decision Musk. Continued production at the site Fremont depending on how the company will be treated there in future, he continued. “Tesla is the last remaining automaker” in California and is also an important exporter, he wrote. Tesla is employed in the Bay of San Francisco around the Head office Palo Alto about 20,000 people – around half of them in the factory in the city Fremont.

Whimsical appearances

Musk is known for having bizarre and opinionated appearances Twitter to cause a stir and confusion. Just last week, he had made a series of idiosyncratic tweets that made Tesla’s market value drop by billions of dollars. 2018 had Musk with his tweets, even trouble from the US exchange regulator SEC rocked up. Actually, he must have an agreement with the SEC according to which relevant tweets have been approved by the company in advance.

Not democratic

The Corona editions in California would have Musk only insulted as “fascist” at the end of April. His opinion was that the measures would “lock people in their homes and violate their constitutional rights,” he said. He restricted whoever wanted to stay at home should not be forced to go outside. “But to tell people that they cannot leave their house, that they will be arrested, that is fascist, that it is not democratic, that it is not freedom.”

Toyota bought

The electric car manufacturer founded in 2003 had the plant in Fremont 2010 from Toyota Acquired for only $ 42 million, but has now invested billions of dollars. It is currently the only factory where Tesla can manufacture the S, X and Y models. According to experts, a quick relocation of production is therefore possible. Tesla now has other factories, but these are primarily used to produce batteries, but it also plans to expand car production in the future.

For some time now, the very new plant in Shanghai in addition to battery cells cars produced. Because of the corona pandemic, production stopped there between late January and mid-April.

At Berlin

In Germany Tesla wants in Grünheide southeast of Berlin build a factory – should there cars and batteries are manufactured. In Berlin a design and development center is also to be created.

Stock market giant

Tesla is still much smaller than the big German car manufacturers BMW, Daimler and Volkswagen. However, since investors continue to trust the US corporation due to the change in the automotive industry, Tesla is currently worth 140 billion euros more on the stock exchange than the three German corporations, which together generate 134 billion euros.

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