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Anger over regulations: Elon Musk wants to move Tesla’s headquarters due to Corona frustration

Tesla CEO Elon Musk plans to move the electric car maker’s headquarters to another U.S. state due to ongoing Corona restrictions.

Tesla will move its headquarters and upcoming ventures “immediately” to Texas or Nevada, Musk wrote on Twitter. “Honestly, that’s the icing on the cake,” he wrote, referring to regulations from the Alameda district near San Francisco that would prevent the Tesla factory there from reopening before June.

He will immediately appeal the district’s decision, Musk raged. Continued production at the Fremont site depends on how the company will be treated there in the future, he added. “Tesla is the last remaining automaker” in California and is also a major exporter, he wrote.

Musk is known for causing a stir and confusion with quirky and opinion-heavy appearances on Twitter. Just last week, he sent a series of idiosyncratic tweets to ensure that Tesla’s stock market value plummeted by billions of dollars. In 2018, Musk’s tweets had even caused trouble from the US Securities and Exchange Commission (SEC). In fact, according to an agreement with the SEC, he must have relevant tweets released by the company in advance.

Matthew Velterhttps://etrendystock.com/
With 5 years of experience as an editor, Matthew has been a crucial part of eTrendy Stock since its inception. He looks after the editing of news content published on eTrendy Stock. Apart from investing his time in editing, he also provides well-researched news articles for the U.S. niche. Mathew studied at University of central Florida.

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