Elon Musk, founder of Tesla and SpaceX, decided to relocate and move from California to Texas. This was reported by CNBC, referring to the host’s surroundings.
Musk, according to TV channel sources, often travels to Texas, especially in the state capital of Austin, where Tesla and his new company Boring Company are located, and in the coastal village of Boca Chica, where the SpaceX facility is located.
The main residence of the entrepreneur is now Los Angeles. According to CNBC, Musk may have decided to relocate due to California’s high income tax, and moving to Texas could save billions of dollars.
Earlier, Tech Crunch reported that Musks is considering buying a conventional car manufacturer, stating that the host company has enough money to buy a BMW, Volkswagen or Ford.