The CEO of IOHK and creator of popular crypto coin Cardano (ADA), Mr Charles Hoskinson, commented (from sunny Colorado as he would put it) on the ongoing feud between Tesla CEO Elon Musk and the state of California with a well-known Republican meme, stating ‘Welcome to the People’s Republic of California.’
Elon Musk, Tesla and Space X CEO, wants to reopen his factory in California but is unable to do so due to the state’s stay-at-home orders. He has since threatened to move the company to Nevada or Texas, to no avail from state officials.
48-year-old Elon Musk tweeted to his 33 million followers over the weekend already: ‘Frankly, this is the final straw. Tesla will now move its HQ and future programs to Texas/Nevada immediately. If we even retain Fremont manufacturing activity at all, it will be dependent on how Tesla is treated in the future. Tesla is the last carmaker left in CA.’
CNBC’s business analysts calculated that Tesla could save billions in taxes if it were to move indeed.
Daniel Morris, a certified public accountant, commented: “That’s why you see all these wealthy tech guys moving to the Nevada side of Lake Tahoe. You just have to make sure you don’t go back to California frequently.”
Tesla’s plant has been ordered to remain shut, even though all other car manufacturers in the US are allowed open, Mr Musk stated.
He was asked about the reopening on Twitter overnight, with a commenter claiming: Tesla was told they could operate by the state of CA but Alameda County illegally overrode that decision, can you confirm?
In response, Mr Musk wrote: Yes, California approved, but an unelected county official illegally overrode. Also, all other auto companies in US are approved to resume. Only Tesla has been singled out. This is super messed up!
He later stated that Tesla would restart no matter what, and If anyone is arrested, I ask that it only be me.
Charles Hoskinson, also not the greatest fan of the US’s stay-at-home orders, commented in response that Musk is pulling a John Galt, in reference to the well-known character from Ayn Rand’s novel Atlas Shrugged.
He also said ‘Welcome to the People’s Republic of California,’ referring to a famous internet meme that states California should simply be renamed as Commiefornia.
Mr Hoskinson is a well known figure in the crypto world. As an American entrepreneur he is the ex Ethereum (ETH) co-founder, the world’s second biggest crypto coin. He himself prefers to be known as the founder of Cardano (ADA) and the CEO of IOHK (Input Output Hong Kong).
His net worth is approximately $500-600 million. He updates his followers from his home in Boulder, Colorado.
Trump also jumps in
Interestingly enough, US President Donald Trump also meddled into the Tesla versus California affair today, throwing his support behind Tesla CEO Elon Musk and tweeting just a few hours ago: California should let Tesla & Elon Musk open the plant, NOW. It can be done Fast & Safely!
Picture: Wikimedia Commons