Tesla Ousts Toyota as the Largest Automotive Employer in California
Even before it has moved out of the state in search of greener pastures, Toyota (NYSE:TM) is no longer the largest automotive employer in the great state of California; that distinction now rests with Tesla Motors (NASDAQ:TSLA), whose payroll outpaces the Japanese firm’s 6,000 to 5,300.
And while Toyota is intending to shovel most of its workforce to Texas in the interests of saving tax dollars, Tesla is planning to add 500 more employees to its California operations by the end of this year. “Tesla’s scaling up here in California is terrific news,” said Gino DiCaro, spokesman for the California Manufacturers & Technology Association. “It’s also an exception — and we certainly need more of them.”
California is affectionately known for many things, but a friendly business climate isn’t among them. Compared to other regions, California imposes relatively high labor and energy costs, as well as stringent environmental guidelines for laying down new plants and facilities.
Tesla had 5,800 employees worldwide at the end of last year, about 90 percent which were located in California, Tesla spokesman Simon Sproule told Bloomberg.