Tesla CEO Elon Musk planning move to Texas: Report

Axel Springer Elon Musk

After battling an almost 2-month shutdown of his factory in Fremont earlier this year, it appears as though Elon Musk is partially following through on his threat to leave the state of California.

At the outset of the COVID-19 pandemic in North America, Alameda County closed the factory in Fremont over health concerns. When all other auto manufacturers in the US were allowed to later reopen, the country maintained its closure mandate, much to the frustration of Musk.

Those frustrations boiled over in May when Musk threatened to move Tesla’s headquarters and future programs to Nevada and Texas.

Now it looks like Musk will somewhat follow through on that threat, but only for himself personally. According to a report by CNBC, Musk has told friends and associates he plans to move to Texas.

With Giga Texas under construction and set to open next year, and SpaceX’s facilities in Boca Chica, a move to Texas for the billionaire CEO would make sense.

His net worth has also grown by over $100 billion in 2020, so the move could make financial sense as well as the Lone Star state has no income tax, while California has the highest in the US.

His reported decision also follows his pledge earlier this year to sell almost all of his personal belongings, including his houses. Just weeks later seven of his properties were listed for sale.

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