Elon Musk, founder of Tesla and SpaceX, decided to move from California to Texas. The CNBC channel reported this, referring to the entrepreneur’s attendant.
According to TV channel sources, Musk often travels to Texas, especially in the state capital, Austin, where the SpaceX facility is located in the coastal village of Boca Chika, where Tesla and its startup boring company are located.
Los Angeles is now the main residence of a businessman. According to CNBC, Musk could have decided to move because of higher income taxes in California, which could have saved him billions of dollars if he had moved to Texas.
TechCrunch had previously reported that Musk was considering buying a traditional carmaker, pointing out that the entrepreneur’s company had enough money to buy a BMW, Volkswagen or Ford.