Tesla Motors Inc (TSLA): Gov. Rick Perry Makes Pitch for Texas


Tesla Motors Inc (NASDAQ:TSLA) will get a multitude of benefits if it is to build its new facilities in Texas, the state’s Governor Rick Perry told CNBC in a recent interview.

According to the governor, he thinks the state’s legislature when they will resume session in January will seriously look into whether some of their laws keep companies from being competitive when they are located inside Texas. Perry said that his bet is on the legislature having this conversation.

Tesla Motors, Rick Perry, Is Tesla A Good Stock To Buy, Texas

Asked what else the state of Texas can offer to Tesla Motors Inc (NASDAQ:TSLA), he explained:

“The pitch has been made now for a decade to come to the state of Texas: you’ll have taxes that are reasonable, a regulatory climate that’s fair and predictable, a legal system that doesn’t allow for over-suing, [and]a skilled workforce. No place in America, with due respect to the other 49 states, has been able to do economically what the state of Texas has done. So, for Tesla to go anywhere else, they’ll be taking less of a deal, whether short-term or long-term, and Elon Musk knows that. It’s one of the reasons he’s looking to Texas to place his launch facility for SpaceX as well.”

The governor was also asked about how he figures his state fares against other competing states for the new Tesla Motors Inc (NASDAQ:TSLA) facility. Particularly, Perry was asked about the state of Nevada, one of the other states that is said to be a strong competitor in the contest to win over Tesla Motors and its planned facilities.

Perry joked that his state’s government naturally thinks that Texas is the best place for business. However, he did note that they have thought that in other projects. He added that Texas will always get its fair share of projects while other projects will go to other states.

Watch the full interview below where Governor Perry pitches to Tesla Motors Inc (NASDAQ:TSLA):

Shareholders of Tesla Motors Inc (NASDAQ:TSLA) includes Drew Cupps’ Cupps Capital Management which reported 145,348 shares in the automobile maker at the end of the first quarter of 2014. Another investor is Guy Shahar’s Dsam Partners which reported 10,500 shares in the company by the end of March.

Disclosure: None

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