Tesla speeds the EV industry's South by Southwest drive


FILE PHOTO: Elon Musk, the chief executive of Tesla Motor, speaks at the South by Southwest Interactive festival in Austin, Texas, March 9, 2013. REUTERS/Gerry Shih/File Photo

AUSTIN, Texas (Reuters) -Tesla Inc's decision to move its headquarters to Austin, Texas, from Palo Alto, California, accelerates the shift of electric vehicle industry jobs to Southern and Western U.S. states that offer lower taxes, lighter regulation and less unionization than the coastal Blue states where most electric vehicles are sold.

Electric vehicle startups and established automakers have lined up $24 billion in investments in new factories in Texas, Arizona, Oklahoma, Tennessee and Kentucky.

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