Gov. Abbott applauds Elon Musk's plan to move Tesla's state of incorporation to Texas

Texas has become home to many corporations over the past few years.

Published: February 1, 2024 3:12pm

Republican Texas Gov. Greg Abbott on Thursday encouraged Tesla CEO Elon Musk to move the company's state of incorporation to the Lone Star state.

".@Tesla in Texas," Abbott wrote on the social media platform, X. "It just makes sense."

Earlier this week, Musk conducted a poll on X where he asked, "Should Tesla change its state of incorporation to Texas, home of its physical headquarters?"

The final result was 81.7% of the over 1.1 million X users who voted saying "yes" while 12.9% voted "no."

"The public vote is unequivocally in favor of Texas!" Musk announced Thursday. "Tesla will move immediately to hold a shareholder vote to transfer state of incorporation to Texas."

Notable businesses that have moved to Texas over the past few years include NRG Energy and Hewlett Packard Enterprise.