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Posted on 5/10/20 at 12:19 am to RLDSC FAN
He should, move the entire operation to Texas..
Posted on 5/10/20 at 12:21 am to DarkDrifter
quote:
He should, move the entire operation to Texas..
He was throwing a hissy fit about Texas last year. The guy is a beta skyscreamer snowflake.
Posted on 5/10/20 at 1:19 am to Street Hawk
Posted on 5/10/20 at 1:46 am to Street Hawk
quote:
It's not an accident that this region has the most amount of VC funding and the highest number of startups compared to any other place anywhere in the world.
Many of the leaders in VC and startups have already left for Austin.
quote:
You think smart liberal Tesla Engineers working on the most difficult cutting edge problems will leave California and follow him to fricking Texas?
Absolutely they will move to Austin.
Geeks follow the jobs.
That is why they ended up in Silicon Valley rather than NYC, Chicago, LA.
As the jobs move to Austin they will too.
Posted on 5/10/20 at 2:34 am to Jinglebob
quote:
Many of the leaders in VC and startups have already left for Austin.
Come on man. You can't seriously compare the Silicon Valley VC scene to the Austin one. That's like comparing Sand Hill Road to FM 973.
There are so many things going for Silicon Valley that can't be replicated elsewhere easily, if ever: Access to Stanford and UC Berkeley student communities and all the research and PhD students that come out of there, NASA Ames Research Center, engineers working at Google, Apple, Facebook, Cisco, Nvidia and a hundred other tech companies within a 30 mile radius many of whom leave to start their own companies only to get acquired back by the larger companies that creates a self perpetuating ecosystem of ideas, talent and companies that thrive on network effects. It's a big moat that's not easily breached.
quote:
Geeks follow the jobs.
Spoken like someone that has no idea how tech companies work in the Valley. It's more like companies follow the geeks.
Why the hell do you think the median yearly salary at Facebook is $250K (that includes all the employees at the company, so software engineers are in the top quartile of that curve making $350-400K+ per year) and has most of its employees working out of their Menlo Park and SF offices? If they could hire the same talent in Austin or some other low cost city for less than half that, would they not have already done it?
Payroll is easily the No.1 opex expense for all the top tech companies. Google's stock based compensation in Q1 2020 was $3.2B yes that's $3.2 BILLION dollars in one quarter that they spent on giving equity grants and RSUs to keep their employees happy and hired, most of whom work in their Mountain View and other Bay Area offices. Don't you think Google would have already relocated it's major operations to other cities to save costs if they could? After all they have been a public company for more than 15 years. It's not just about saving costs for these companies, it's about having access to the best talent in the world and paying whatever is needed to keep them.
This is an argument that you can't win. I just know too much as I live the high cost SF life most people on this site loathe without completely understanding how the high tech labor market works. All you guys have in the form of a comeback is - Oh, Texas has no personal income tax and California has high state and sales tax, so companies will soon relocate to Texas and it's only a matter of time before California fails!
Do you think Software Engineers earning $350-400K in the Bay Area are going to relocate to Texas to make $150-180K to save 10% in state income tax and 2-3% in sales tax difference? You guys keep waiting, it ain't happening any time soon. Could Austin become a leading 2nd tier tech hub after Seattle and NYC? Sure. Will it overtake the Bay Area and become the 21st century Silicon Valley in the near term? I doubt it.
This post was edited on 5/10/20 at 4:36 am
Posted on 5/10/20 at 2:40 am to Street Hawk
Account for living expenses with your California incomes and then get back to us. I'd be happy as hell if Tesla stayed in California, as would most of the rest of Texas, save that shithole Austin. For the sake of both states I hope you're right.
Posted on 5/10/20 at 2:47 am to jennBN
quote:
He is a lot like Trump. If you silenced him and looked at his body of work everyone would agree he has done a good job
Posted on 5/10/20 at 3:10 am to Street Hawk
I mean, there was a time when only Detroit would ever build a car and only Pittsburgh was making steel. I have no real knowledge of Silicon Valley but history tells us that nothing lasts forever and change is inevitable. It’s just hard to imagine that engineers wouldn’t move to Texas for a job.
Posted on 5/10/20 at 4:00 am to RLDSC FAN
This is just silly.
He can’t afford to move headquarters. Their financials still don’t seem strong to me. They’ve only recently started naming a profit after years of bad earnings. Their free cash flow is like 5,000,000 and their total net income is like 80,000,000. Not enough money to make a move. Tesla is a public company now. He can’t do whatever he wants
He can’t afford to move headquarters. Their financials still don’t seem strong to me. They’ve only recently started naming a profit after years of bad earnings. Their free cash flow is like 5,000,000 and their total net income is like 80,000,000. Not enough money to make a move. Tesla is a public company now. He can’t do whatever he wants
Posted on 5/10/20 at 4:24 am to jennBN
quote:
As California resident
Hi, fruitcake.
Posted on 5/10/20 at 4:50 am to RLDSC FAN
good for him.. keep the anti-American, Democrat filth out of the picture
This post was edited on 5/10/20 at 9:08 am
Posted on 5/10/20 at 5:10 am to RLDSC FAN
One odd point about Musk's rant is that he's suing Alameda County for the shutdown of the factory, and he's threatening to move Tesla HQ to another state. But Tesla HQ is in Palo Alto, in Santa Clara County, so moving HQ doesn't punish Alameda County. But moving HQ would be much easier to do than moving a factory.
Posted on 5/10/20 at 5:11 am to RLDSC FAN
(sorry I was falling asleep)
This post was edited on 5/10/20 at 10:14 am
Posted on 5/10/20 at 5:12 am to RLDSC FAN
(sorry I was falling asleep)
This post was edited on 5/10/20 at 10:15 am
Posted on 5/10/20 at 5:53 am to HailHailtoMichigan!
quote:
I think he may have some mild form of aspergers or some actual mental affliction that causes social awkwardness .
People say the same about Mark Zuckerberg and he’s worth 2 of Musk
Posted on 5/10/20 at 6:34 am to RLDSC FAN
Sabre rattling - he won't do it.
Posted on 5/10/20 at 6:39 am to Macfly
quote:
Sabre rattling - he won't do it.
Why not if it would save his company money? Many others have done it including McKesson that's a Fortune 10 company. Chevron will be next to leave that state.
Posted on 5/10/20 at 6:39 am to jennBN
quote:
As California resident
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