Elon Musk reveals he has shifted to Texas, says California has become 'less accommodating'

Elon Musk on December 8 revealed that he had relocated to Texas from California, where he plans to focus more on new Tesla plant and his X venture. Back in May, Musk had threatened to move his electric car company to Texas, from California, where he has feuded with local officials about coronavirus restrictions. w, while speaking at a conference hosted by Wall Street Journal, Musk said that California has become “less accommodating” to successful entrepreneurs and start-ups, comparing state to a sports team that takes winning for granted. 

Musk said that California tends to get a little complacent, a little entitled, and n y don’t win championship anymore. He also criticised California’s ecomic environment as ar reason and said that state “has been winning for a long time, and I think y’re taking it for granted”. Furr, Musk even argued that Silicon Valley, which is home to some of largest and most influential companies in world, was declining in relevance. 

READ: X's 1st Crewed Mars Mission Could Launch As Early As 2024, Says Elon Musk

READ: Elon Musk Warns Tesla Workers Over Stocks Being 'crushed' In An Internal Memo

Move to Texas could save Musk billions of dollars 

Back in May, business tycoon had said that he was selling his houses and his California properties too. He had clashed with public health officials in California over measure put in place to slow spread of coronavirus, which included shutting down car production at Tesla’s factory in Fremont, a city in San Francisco Bay Area. Musk called COVID restrictions “fascist” and had even predicted in March that re would be almost new cases of disease by end of April. 

Speculation about a move by Musk or Tesla to Texas had increased in recent weeks. According to a CNBC report, many close friends and associates of billionaire said that Musk is planning to move to Lone Star State. Even people who are well acquainted with him and are aware of his general plans to move to Texas said y don't kw where exactly he stays and that he tries to keep those details private, it said. 

In addition to Austin plant Tesla is building, Musk is frequently drawn to Texas by his or company, X, which has substantial operations in state, including a launch site on Gulf of Mexico. His move to Texas sounds sensible as it has state income tax while California has highest tax regime in United States. Elon Musk's move to shift to Texas could save him billions of dollars. 

READ: Elon Musk Couldn't Name His Tequila Brand Teslaquila As Mexico Didn't Approve; Here's Why

READ: As Elon Musk Zooms Past Bill Gates In Rich People List, Indians Google Who Is Richest?