Elon Musk ‘tells friends he will move to Texas’ after clashing with California lawmakers over COVID

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Billionaire tech mogul Elon Musk has reportedly told friends he plans to move to Texas, after growing weary of high taxes and regulations in California.

The 49-year-old has been hinting for months that he could abandon the Golden State and is currently splitting his time between Los Angeles and its SpaceX facilities in Texas.

But he has now told friends and associates that he plans to make the move permanent, anonymous sources told CNBC.

The CEO of Tesla and SpaceX has had a stormy relationship with California for months.

In the spring, he fought with California lawmakers over coronavirus restrictions that kept him from reopening his Tesla factory in Fremont, near San Francisco.

In April, the lockdown rules were branded as fascist and said, “Give people back their fucking freedom.”

Shortly after, in May, he announced that he would be moving his headquarters from Tesla to Texas or Nevada and began to approach Texas Governor Greg Abbott.

The highest-paid CEO in the United States is reportedly considering moving to Texas, which has no income tax and could save him billions.

Musk also criticized California’s tax policy and claimed he had developed a “too long gain problem” that forced the super-rich out.

The CNBC report cites several anonymous sources who claim to be aware of his plans to move – but don’t know where in Lone Star State he plans to settle.

The entrepreneur, who overtook Bill Gates last month to become the second richest person in the world after Amazon’s Jeff Bezos and is now worth an estimated $ 139 billion, already has a substantial presence in Texas.

Its SpaceX program has been based in Texas since 2003.

It operates out of the coastal village of Boca Chica near Brownsville on a launch site known as the Starship Production Complex.

SpaceX was founded in 2002 to design and launch advanced rockets and spacecraft, and has been based in Texas since 2003.

SpaceX was founded in 2002 to design and launch advanced rockets and spacecraft, and has been based in Texas since 2003.

SpaceX was founded in 2002 to design and launch advanced rockets and spacecraft, and has been based in Texas since 2003.

Tesla’s second auto plant is due to open near Austin, and its tunnel startup, The Boring Company, is also recruiting in the state.

Boring Company investor Joe Lonsdale, co-founder of Palantir and friend of Musk, recently moved to the Austin area from Silicon Valley.

A move to Texas could potentially save Musk billions of dollars in taxes based on his 2018 Tesla compensation package, which rewards him when the company hits certain milestones.

Top Texas lawmaker Gov. Gregg Abbott says Musk chose Texas because of its 'freedoms'

Top Texas lawmaker Governor Gregg Abbott said Musk chose Texas because of its 'freedoms'

Top Texas Lawmaker Gov. Gregg Abbott Says Musk Chose Texas For Its “Freedoms”

The company is already worth over $ 550 billion, having started the year well under $ 100 billion.

California has the highest income tax in the country at 13.3%, while Texas has no income tax.

Musk is currently the highest-paid CEO in the United States, earning around $ 600 million.

By October, Musk had won awards worth around $ 20 billion pre-tax.

Texas Gov. Abbott has welcomed Musk with open arms and appears to confirm the CEO’s planned move over the summer.

In July, he told CNBC’s “Squawk Box” that Musk had told him he had obtained a Texas driver’s license and that he was “bona fide Texan now.”

Abbott also said Musk was building his next Tesla factory in the state because it would give him the freedom to “expand the way he wanted to grow.”

Tesla has reportedly received tens of millions of dollars in Texas property tax breaks to build the new plant in the state.

After announcing the company’s return in May, Musk revealed in a series of bizarre tweets that he intended to sell “almost all physical assets.”

“Shall own no home,” Musk wrote.

Musk then quickly listed seven California homes for sale, worth a total of $ 137 million.

The billionaire originally listed two Bel Air properties on Zillow.  This property was listed for $ 30 million.  It was bought by Musk in 2012 for $ 17 million

The billionaire originally listed two Bel Air properties on Zillow.  This property was listed for $ 30 million.  It was bought by Musk in 2012 for $ 17 million

The billionaire originally listed two Bel Air properties on Zillow. This property was listed for $ 30 million. It was bought by Musk in 2012 for $ 17 million

This image shows the four homes Musk recently listed on Zillow for a total of $ 62.5 million.  The houses (circled above) are within walking distance of each other

This image shows the four homes Musk recently listed on Zillow for a total of $ 62.5 million.  The houses (circled above) are within walking distance of each other

This image shows the four homes Musk recently listed on Zillow for a total of $ 62.5 million. The houses (circled above) are within walking distance of each other

This house was bought by Musk last year.  Musk paid $ 6.4 million for this residence on Somera Road

This house was bought by Musk last year.  Musk paid $ 6.4 million for this residence on Somera Road

This house was bought by Musk last year. Musk paid $ 6.4 million for this residence on Somera Road

Elon Musk has listed five California properties for a total of $ 97.5 million almost two weeks after putting two Bel Air homes on the market for $ 39.5 million after promising to sell his physical assets.  This house is on Chalon Road in Los Angeles

Elon Musk has listed five California properties for a total of $ 97.5 million almost two weeks after putting two Bel Air homes on the market for $ 39.5 million after promising to sell his physical assets.  This house is on Chalon Road in Los Angeles

Elon Musk has listed five California properties for a total of $ 97.5 million almost two weeks after putting two Bel Air homes on the market for $ 39.5 million after promising to sell his physical assets. This house is on Chalon Road in Los Angeles

The fifth house, located in Hillsborough, Calif., Was listed for $ 35 million.  Musk bought the Hillsborough home in June 2017 for $ 23.3 million.  The 16,000 square foot mansion sits on 47.4 acres of land and includes 10 bedrooms and 10 bathrooms

The fifth house, located in Hillsborough, Calif., Was listed for $ 35 million.  Musk bought the Hillsborough home in June 2017 for $ 23.3 million.  The 16,000 square foot mansion sits on 47.4 acres of land and includes 10 bedrooms and 10 bathrooms

The fifth house, located in Hillsborough, Calif., Was listed for $ 35 million. Musk bought the Hillsborough home in June 2017 for $ 23.3 million. The 16,000 square foot mansion sits on 47.4 acres of land and includes 10 bedrooms and 10 bathrooms

Elon Musk put two of his California homes on the market just days after bizarre Twitter rant

Elon Musk put two of his California homes on the market just days after bizarre Twitter rant

Elon Musk put two of his California homes on the market just days after bizarre Twitter rant

Four of the Los Angeles homes were listed on Zillow as a multi-property listing with an asking price of $ 62.5 million.

He also listed two Bel Air properties, including one for $ 30 million.

The 16,251-square-foot mansion has six bedrooms, 11 bathrooms, a two-story library, pool, and tennis court.

Currently, Tesla’s corporate headquarters remains in Palo Alto, California, and the company continues to build cars in nearby Fremont.

Musk and Tesla spokespersons have been contacted for comment.

And Musk isn’t the only tech giant to ditch California.

Hewlett Packard Enterprise announced this week that it is moving its global headquarters from Silicon Valley to Texas.

The tech giant was founded in a small garage in 1939, and then helped reignite the Silicon Valley boom, which made the Bay Area a tech hotspot.

The company announced Tuesday its move to suburban Houston in the spring.

The company is building a 440,000 square foot campus in two five-story buildings. It is expected to be completed in 2022.

The office of Texas Governor Greg Abbott said the move will increase the company’s presence in the region, which already has more than 2,600 employees. The company also has sites in Austin and Plano.

Hewlett Packard Enterprise announced this week that it is moving its global headquarters from California to Texas.  The company is building a 440,000 square foot campus in two five-story buildings, architectural drawing shown.  It should be completed in 2022

Hewlett Packard Enterprise announced this week that it is moving its global headquarters from California to Texas.  The company is building a 440,000 square foot campus in two five-story buildings, architectural drawing shown.  It should be completed in 2022

Hewlett Packard Enterprise announced this week that it is moving its global headquarters from California to Texas. The company is building a 440,000 square foot campus in two five-story buildings, architectural drawing shown. It should be completed in 2022

Hewlett Packard Enterprise was established in 2015 when computer hardware pioneer Hewlett-Packard Inc. split into two parts after years of struggling to keep up with industry trends, such as the abandonment of personal computers by consumers.

The split left a new company, HPE, focused on selling data center hardware and enterprise software, while another new company, HP Inc., kept the old PC and printer operations. .

HP Inc. is still headquartered in Palo Alto, California, and remains the larger of the two companies in terms of revenue.

SignEasy, QuestionPro, and DZS have also done it in Lone Star State, CNNreports.

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