Tech visionary Jason Calacanis, in an interview on CNBC, says that California and Silicon Valley are doing everything they can to get rid of great companies like Telsa:
It seems like they’re singling Elon Musk out for some reason which is a really stupid mistake on the part of California. Elon Musk is a once-in-a-generation entrepreneur and the products he makes are second to none. They’re the category killers and category redefiners. At the end of the day what we do in investing in companies here in Silicon Valley and what you do in making bets on the public markets is about world-class products and services. This is the world-class product in the automotive space and it’s better than anything the incumbents have.
California is doing every they can everything they can in terms of taxes and in terms of regulation to get great companies out of here. In Silicon Valley right now the entire conversation is why am I here? Why am I paying these prices? Why am I dealing with dysfunctional government on the local level and on the state level? People are looking at Texas, Nevada, Florida, and Tokyo. People want out of this town. This a very real trend.