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Tesla CEO Elon Musk moves his foundation to Austin, stoking rumors that he may soon follow

Tesla CEO Elon Musk has moved his private Musk Foundation to Austin, further fueling rumors that he is planning a move to the Lone Star State.
The California-based foundation created an entity in the Texas capital over the summer, Bloomberg reported Monday. The two merged, according to an October filing with the Texas Secretary of State, and the surviving entity is located in downtown Austin.
The foundation, which Musk created in 2001, supports renewable energy, human space exploration and pediatric research; science and engineering education; and the development of artificial intelligence.
Musk has reportedly told close friends and associates he is planning on moving to Texas. In addition to his foundation, his other companies Tesla, SpaceX, Neuralink and the Boring Company have already planted roots in the state.
Musk has chafed against COVID-19 regulations in the state of California, where he currently lives and where Tesla operates a Gigafactory. Earlier this year, Musk reopened the electric automaker's Fremont factory in defiance of a counter shelter-in-place order meant to curb the spread of the virus.
There is also the issue of taxes.
California has the highest income tax rate of any state in the country. Texas, on the other hand, has none. If Musk does move, he could potentially save billions of dollars in taxes on his Tesla compensation package.
Musk also signed a letter of intent to sell his properties in Los Angeles over the summer and has threatened to move Tesla's headquarters out of California.
@GerberKawasaki @thirdrowtesla Frankly, this is the final straw. Tesla will now move its HQ and future programs to… https://t.co/IDLjEvXyDW— Elon Musk (@Elon Musk) 1589042677.0
If Musk does make good on his plans, he may land in Austin, where the latest Tesla Gigafactory is set to open this spring and where Joe Rogan, on whose podcast he is a frequent guest, recently moved his business.
Musk's "Fitbit for your brain" startup Neuralink and underground tunnel venture The Boring Company are also hiring locally.
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Popular
(Austin FC)
Austin FC head coach Josh Wolff is here to stay as the Club announced he signed a three-year contract extension.
Wolff, who was previously an assistant coach for the U.S. Men's National Team, will coach Austin FC through the end of 2025 under the new contract.
Wolff has been the Austin FC head coach since November 2019. In the team's first year, some hoped to oust Wolff as the team was at the bottom of the Western Conference. But this year, the team is at the top, ranking No. 3.
“This is still a young, growing Club but seeing our vision for Austin FC come to life on and off the field has been one of the great honors of my career. My staff and I will keep working every day to represent the city, and to develop our team both competitively and as human beings. The best is yet to come," Wolff said.
(Moriah Wilson/Instagram)
Austin police are investigating the killing of Moriah "Mo" Wilson after she was found with gunshot wounds inside an East Austin home.
Wilson, a gravel and mountain bike racer, was visiting Austin from Colorado in preparation for the Gravel Locos race on Saturday taking place in Hico, a small town 2 hours from Austin.
On Wednesday, her roommate came home and found Wilson unresponsive with "a lot of blood near her,” police said, on Maple Avenue near East 17th Street. Officers and EMS performed life-saving measures before she was declared deceased at 10:10 p.m.
The Travis County Medical Examiner's office conducted an autopsy and determined the official cause of death to be multiple gunshot wounds, and the manner of death was a homicide. It is being investigated as a suspicious death and as of Saturday, police said they have a person of interest.
Wilson, 25, recently had become a full-time biker after winning a slew of races in the past year.
This story was updated on May 15 to include that police have determined a person of interest.