Elon Musk Confirms He’s Moving From California To Texas

Topline

Tesla CEO Elon Musk on Tuesday said he has moved from California to Texas, although Tesla and SpaceX continue to operate in California, a move which comes after he sparred with the state over coronavirus restrictions.

Key Facts

Key Background

There was speculation Musk would make the move. Last week, CNBC reported Musk’s close friends and business associates said he was planning on moving to Texas and yesterday Bloomberg reported he moved his foundation from California to Texas. In May, Musk filed a lawsuit against Alameda County and threatened to move Tesla’s operations out of the state because Tesla was not permitted to reopen its factory because of coronavirus restrictions. 

Big Number

$144.7 billion. That’s Musk’s net worth, according to Forbes. Texas has no state income tax.

Further Reading

Elon Musk Moves to Texas, Takes Jab at Silicon Valley (Wall Street Journal)

Tesla Files Lawsuit in Bid to Reopen Fremont Factory (Wall Street Journal)

Elon Musk Reportedly Relocated His Foundation To Texas, Fueling Rumors He’ll Move There Too (Forbes)