Elon Musk came out of his move from California to Texas during the Wall Street Journal’s CEO Council’s annual summit on Tuesday.
“While there are many things about California that are really great,” Musk told the paper’s editor-in-chief, Matt Murray, “he believes the state is taking its success for granted.
The CEO has been signaling to leave California for a while. Back in May, Musk tweeted that Tesola “immediately moved its headquarters and future programs to Texas / Nevada” after local authorities refused to allow the company to reopen its Fremont factory during the coronavirus epidemic.
Tesla is still headquartered in California, as is SpaceX, its aerospace company. But Musk has other business interests in Texas that he cited as factors in his decision.
“We’ve got starship development here in South Texas, where I’m right now,” Musk said. “And then we’ve developed a big factory just outside Austin.”
That factory is Tesla’s Giga Texas – which will be used to make Model 3 and Y for Tesla’s Cybertruck, Semi, as well as the eastern part of the United States.
Tesla (TSLA) Could not be reached for comment late Tuesday night.
U.S. Senator Ted Cruz, who represents Texas, Tweeted Welcome to Musk on the News.
“Texas loves the job and we’re glad to have you as a Texan,” Cruz tweeted.
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