Why is Elon Musk moving Tesla headquarters to Texas?

Elon Musk’s corps of sycophants, along with promoters of the age-old Texas vs. California competition, cheered and chortled last week when Musk announced he was moving the headquarters of his Tesla electric vehicle company from Silicon Valley to Austin.

Chief among them was Texas Gov. Greg Abbott, who bragged about Texas being “the land of opportunity and innovation.” A certain big East Coast newspaper headlined that Musk’s announcement was a “blow to California.”

Let’s take a deep breath on this one.

Just to be clear, we will be continuing to expand our activities in California….This is not a matter of sort of Tesla leaving California.

Elon Musk

Musk’s announcement of Tesla’s headquarters move to Austin from Palo Alto isn’t all that it seemed on first blush.

From the…

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