According to Elon Musk, why is Tesla moving its headquarters from California to Texas? What are his objections to California? What are the advantages of having Texas as the location for the main headquarters?

Besides just the issue of Californian culture and taxes, what more general issues does the Tesla case raise? In real estate it is usually said that the three most consider most important criteria are ?location, location, location. ? Now, does remote working means that location is a less important criterion for issues like where to put corporate headquarters? In other words, will even corporations like Tesla no longer feel that they have to have their headquarters in Silicon Valley?

Will the Musk decision lead to changes in the politics, culture, and perhaps the complacency of Silicon Valley? In other words, does the Tesla move signal to cities everywhere that they have to become more competitive if they want to keep their corporations based there? Why or why not?

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This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your https://www.wsj.com/articles/elon-musk-to-discuss-teslas-banner-year-despite-pandemic-silicon-valleys-future- 11607449988 BUSINESS Elon Musk Moves to Texas, Takes Jab at Silicon Valley Tesla chief is among highest-profile tech executives to leave Silicon Valley during pandemic, criticizing California's treatment of innovators By Heather Somerville Updated Dec. 8, 2020 8:11 pm ET Listen to this article 8 minutes Tesla Inc. Chief Executive Elon Musk said he has moved to Texas, taking aim at Silicon Valley and becoming one of the highest-profile executives yet to leave California during the coronavirus pandemi He said relocating made sense with Tesla's new factory being built in Texas. He lamented that California, in his view, had become complacent with its innovators. Mr. Musk's companies continue to maintain extensive operations in California, and other tech firms are expanding their presence there. Yet his decision to move underscores a growing discontent, particularly among wealthier tech professionals, with the cost of living in the state, a pre-pandemic real-estate crunch and clogged roads. RELATED Musk Advises CEOs to Stop Wasting Time on Meetings Musk Criticizes Candy Makers for Lack of New Products Tesla Plans Stock Sale, Closing Year of Soaring Gains Heard on the Street: Tesla Is Watching Its Stock Price Taking up residence in Texas comes with personal benefits for Mr. Musk: The state doesn't collect state income or capital-gains tax for individuals. The auto executive This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your https://www.wsj.com/articles/elon-musk-to-discuss-teslas-banner-year-despite-pandemic-silicon-valleys-future- 11607449988 BUSINESS Elon Musk Moves to Texas, Takes Jab at Silicon Valley Tesla chief is among highest-profile tech executives to leave Silicon Valley during pandemic, criticizing California's treatment of innovators By Heather Somerville Updated Dec. 8, 2020 8:11 pm ET Listen to this article 8 minutes Tesla Inc. Chief Executive Elon Musk said he has moved to Texas, taking aim at Silicon Valley and becoming one of the highest-profile executives yet to leave California during the coronavirus pandemi He said relocating made sense with Tesla's new factory being built in Texas. He lamented that California, in his view, had become complacent with its innovators. Mr. Musk's companies continue to maintain extensive operations in California, and other tech firms are expanding their presence there. Yet his decision to move underscores a growing discontent, particularly among wealthier tech professionals, with the cost of living in the state, a pre-pandemic real-estate crunch and clogged roads. RELATED Musk Advises CEOs to Stop Wasting Time on Meetings Musk Criticizes Candy Makers for Lack of New Products Tesla Plans Stock Sale, Closing Year of Soaring Gains Heard on the Street: Tesla Is Watching Its Stock Price Taking up residence in Texas comes with personal benefits for Mr. Musk: The state doesn't collect state income or capital-gains tax for individuals. The auto executive

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