Summary of Elon Musk Is Closing The California Factory 😲

00:00:00 - 00:05:00

Elon Musk has announced that Tesla will be moving its headquarters from California to Texas. The factory is currently struggling to find a labor source, and Musk says that if they don't treat their employees well, they'll leave. Tesla plans to increase production in the California plant regardless of the headquarters move. This will likely improve the company's production rate, as employees in Texas will be more satisfied and likely more productive.

• 00:00:00 Elon Musk is moving the Tesla factory from California to Texas. The factory is currently struggling to find a labor source, and Musk says that if they don't treat their employees well, they'll leave. Tesla plans to increase production in the California plant regardless of the headquarters move.
• 00:05:00 Tesla is moving its headquarters from California to Texas due to the high cost of living and difficulty affording housing in the state. This will likely improve the company's production rate, as employees in Texas will be more satisfied and likely more productive.