Tesla: Moving from California to Texas – Economy

Elon Musk moves the company headquarters of the electric car manufacturer from California to Texas because employees can no longer afford apartments in Silicon Valley. About a region where high earners are poor.

from

Jürgen Schmieder, Los Angeles

2066 Crist Drive, Los Altos. So this is it, the most famous garage in the world. This is where Apple started back then, Steve Jobs once said about the time he and Steve Wozniak tinkered and screwed in this garage: “Two guys, Woz and me, and ten years later Apple is a two billion dollar -Companies.” That sounds romantic, and it is: Two boys are doing handicrafts in the garage because there is no space in the house and they cannot afford a workshop. At that time Jobs sold his VW bus, Wozniak his pocket calculator. They weren’t rich then, the two of them. But all of that was a long time ago.

.
source site