Elon Musk says he has moved to Texas due to Starship and Tesla Gigafactory

Elon Musk revealed his move from California to Texas during The Wall Road Journal’s CEO Council annual summit Tuesday.
Musk informed the paper’s Editor in Chief, Matt Murray, that whereas “there’s a variety of issues which are actually nice about California,” he believes the state is taking its success without any consideration.
The CEO has been hinting at leaving California for some time. Again in Might, Musk tweeted that Tesla would “now move its HQ and future programs to Texas/Nevada immediately” after native officers refused to let the corporate reopen its Fremont manufacturing unit in the course of the coronavirus pandemic.
Tesla, already worth $600 billion, wants to raise another $5 billion in stock

Tesla continues to be headquartered in California, as is SpaceX, his aerospace agency. However Musk has different enterprise pursuits in Texas that he cited as components in his choice.

“We have the Starship improvement right here in South Texas, the place I’m proper now,” Musk mentioned, referring to the massive spaceship and rocket system which he bills as the vehicle that will carry the first humans to Mars. “After which we have got large manufacturing unit developments simply exterior Austin.”
That manufacturing unit is Tesla’s Giga Texas — which is able to be used to build Tesla’s Cybertruck, Semi, in addition to the Mannequin 3 and Y for the Japanese a part of the USA.
Tesla (TSLA) couldn’t be reached for remark late Tuesday.
US Senator Ted Cruz, who represents Texas, tweeted a welcome to Musk upon the information.

“Texas loves jobs & we’re very glad to have you ever as a Texan,” Cruz tweeted.

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