Austonia AM
×
becomeMemberIcon

become a member

(Bob Daemmrich)

Tesla and SpaceX CEO Elon Musk is Texas' latest California transplant.


Musk confirmed his relocation in an interview with the Wall Street Journal on Tuesday, speaking from South Texas.

"For myself, I have moved to Texas," he told the newspaper.

Musk cited his two biggest projects—the forthcoming $1.1 billion Tesla Gigafactory in Southeast Travis County and the Starship prototype that SpaceX is developing in South Texas—as reasons for the move.

"California is great," he told the Journal, adding that Tesla and SpaceX continue to manufacture in the state despite the exodus of most other car and aerospace companies.

So what pushed him out?

"I do think that there is something that happens … if a team has been winning for too long," he said during the interview. "They do tend to get a little complacent, a little entitled, and then they don't win the championship anymore. So California's been winning for a long time."

Musk's announcement arrives after months of speculation.

Earlier this year, Musk chafed against COVID-19 regulations in the state of California, where Tesla operates a factory, and threatened to move the company's headquarters.

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.

In moving to Texas, the billionaire follows many of his companies—including Neuralink and the Boring Company, in addition to Tesla and SpaceX—in planting roots in the Lone Star State.

Now that Musk has confirmed his move, many are wondering: where in Texas has he settled?

Austin, with its forthcoming Tesla Gigafactory and bevy of celebrity residents, could make him feel right at home.

Popular

(Museum of Ice Cream/Instagram)

Summertime sure does fly by, doesn't it? It's time to jam-pack as many summer activities as you can while there is still about a month left before school starts up again and the grind gets going. Luckily, Austin is full of places to visit that will fill your season full of memories.

Keep Reading Show less

(Tito's Handmade Vodka)

Ingredients:

  • 1 1/12 oz sweet pepper-infused Tito's Handmade Vodka
  • 3 oz soda water
  • 1 oz grapefruit juice
  • 1/2 oz lime juice
  • 1/4 oz simple syrup
Directions: Add all ingredients, except soda water, to a shaker with ice. Shake and strain into a glass over fresh ice. Top with soda water and garnish with a mint sprig.

Texas Gov. Greg Abbott issued an executive order on Thursday that reaffirms his commitment not to implement new statewide mandates amid rising COVID case counts. (Pexels)

The Biden administration is asking cities and states to use pandemic relief funds to pay residents $100 to get vaccinated. Meanwhile, Texas Gov. Greg Abbott reaffirmed prohibitions on pandemic protocols in a new executive order issued on Thursday.

Keep Reading Show less