Elon Musk Encourages Relocation to Austin Following Coinbase's Move to Texas with Tesla
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 13 2025
0mins
Should l Buy TSLA?
Source: Benzinga
Musk's Criticism of Delaware: Elon Musk has intensified his criticism of Delaware's corporate environment, suggesting that the state is losing companies like Coinbase and Tesla to Texas due to unpredictable legal outcomes.
Texas as a New Business Hub: Coinbase's legal chief highlighted Texas as an appealing alternative for innovative companies, citing Delaware's shortcomings and the state's efforts to attract businesses with favorable laws.
Impact of 'Dexit' Trend: Musk's move to Texas, known as the "Dexit" trend, has influenced other companies, including Dropbox and TripAdvisor, to also leave Delaware for more business-friendly environments.
Delaware's Corporate Dominance: Despite the departures, Delaware remains a leading incorporation state due to its flexible corporate laws and specialized court system, although it faces increasing competition from Texas.
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Analyst Views on TSLA
Wall Street analysts forecast TSLA stock price to fall
30 Analyst Rating
12 Buy
11 Hold
7 Sell
Hold
Current: 417.070
Low
25.28
Averages
401.93
High
600.00
Current: 417.070
Low
25.28
Averages
401.93
High
600.00
About TSLA
Tesla, Inc. designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offers services related to its products. Its segments include automotive, and energy generation and storage. The automotive segment includes the design, development, manufacturing, sales and leasing of high-performance fully electric vehicles, and sales of automotive regulatory credits. It also includes sales of used vehicles, non-warranty maintenance services and collisions, part sales, paid supercharging, insurance services revenue and retail merchandise sales. The energy generation and storage segment include the design, manufacture, installation, sales and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives. Its consumer vehicles include the Model 3, Y, S, X and Cybertruck. Its lithium-ion battery energy storage products include Powerwall and Megapack.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Earnings Quality Concerns: The tariffs imposed by Trump in 2018-2019 had a lasting negative effect on U.S. companies, with affected firms experiencing declines in labor productivity, employment, sales, and profits from 2019 to 2021, suggesting that current tariffs could replicate these adverse outcomes.
- Rising Inflation Pressure: Since the implementation of tariffs, the U.S. inflation rate has increased, with import duties raising production costs for certain businesses, leading to higher consumer prices and diminishing the likelihood of the Federal Reserve lowering interest rates, which could hinder economic growth.
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