Texas is willing to “roll out the red carpet” for Tesla founder Elon Musk to relocate Twitter to the Lone Star State. Government and business leaders alike have offered significant incentives for the billionaire to move the social media company’s headquarters from California’s Bay Area.
In 2021 Musk moved Tesla’s headquarters to its $1.1 billion manufacturing plant in Austin, Texas. Other predicted developments from Musk in Texas’ capital include an expansion of SpaceX, a new Neuralink office, and the relocation of The Musk Foundation’s headquarters. Musk’s The Boring Company has headquarters in Central Texas, and SpaceX, his aerospace enterprise, launches rockets out of the southern portion of the state.
Texas State Representative Tan Parker told FOX Business that Musk should “absolutely” consider moving Twitter from California to Texas, just like he did with Tesla.
“Elon made a tremendous decision, the right choice, when he brought Tesla to Texas, when he brought SpaceX to Texas. I think it’s no different in his decision-making here for Twitter. He realizes that Texas is the most business-friendly state in America, that we are open for business,” Parker said.
Even Texas Governor Greg Abbott has called for Musk to bring the company to come to Texas, tweeting the billionaire on April 25.
.@elonmusk. Bring Twitter to Texas to join Tesla, SpaceX & the Boring company.
— Greg Abbott (@GregAbbott_TX) April 25, 2022
Aside from lower taxes and fewer regulations, Texas rancher Jim Schwertner, the CEO and president of Capitol Land & Livestock, sweetened the deal with the promise of land.
In an April 26 tweet, Schwertner offered up 100 acres of property as incentive for the social media mogul to relocate Twitter to Texas.
@elonmusk , Move twitter to Schwertner, TX , 38 miles North of Austin and we will give you 100 Acres for FREE.
— Jim Schwertner (@JimSchwertner1) April 27, 2022
While Musk moving Twitter to Texas would be good for the state’s economy, it may not be suitable for the company’s culture.
There is no reason to relocate Twitter’s corporate headquarters, Roger Kay of Endpoint Technologies Associates told USA Today.
“Other than the fact that Musk is moving everything he’s got (to Austin), there’s no obvious reason to take a virtual company from the very beginning, born in the cloud, to create a physical location,” Kay said. “They can be anywhere, and the fact that they’re in San Francisco is primarily because … that’s where they were, and that’s where they got the employees.”
Musk moved to Texas last December to be closer to his business interests, and only time will tell if that means Twitter will migrate to Texas. Musk’s buyout of Twitter will be finalized this year.
