This is one factor that is not greater in Texas: Elon Musk’s private tax invoice.

The Tesla CEO final week stated he has moved from Los Angeles to the Lone Star State, the place the electrical automobile maker is constructing its Cybertruck plant. Musk threatened this 12 months to maneuver Tesla out of California in response to what he claimed have been “fascist” restrictions carried out due to the pandemic. He did not go that far, however he did transfer his private basis to Austin from California, according to Bloomberg.

In an interview with The Wall Road Journal, Musk took some parting photographs at California, the place Tesla has 1000’s of workers. “If a crew has been successful for too lengthy they do are inclined to get a bit of complacent, a bit of entitled after which they do not win the championship anymore,” he stated. “California’s been successful for a very long time.”

Texas, possibly coincidentally, has no private revenue tax, whereas rich Californians pay the nation’s highest revenue tax price. Musk lately handed Microsoft co-founder Invoice Gates to turn out to be the world’s second-richest individual.