Wednesday, May 13, 2020

Elon Musk could save billions in taxes if Tesla moves its headquarters to Nevada or Texas

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Tesla is reportedly making moves to reopen its Nevada battery factory after gaining the upper hand in CEO Elon Musk's battle with county officials over restarting the carmaker's Fremont, California, assembly plant. ⁣ ⁣Tesla North American HR boss Valerie Workman shared plans for employees to return to work in Nevada in a Monday email, The Verge reported. Those employees would be contacted within 24 hours and given a return-to-work date, Workman said, according to the outlet. ⁣ ⁣In California, Alameda County officials who said Musk restarted the Fremont plant too early agreed that Tesla could go beyond basic operations there this week. It wasn't clear from a press release whether Tesla would face any punishment for reopening Monday in defiance of county orders. ⁣ ⁣The restart came two days after Tesla sued the county health department seeking to overturn its order. Musk threatened to move Tesla's manufacturing operations and headquarters from the state, prompting state leaders like Colorado Gov. Jared Polis to reach out. ⁣ ⁣Go to the link in our bio for more on this story.

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