Tesla’s CEO says he has migrated to the Lone Star State. Elon Musk uncovered his move from California to Texas during The Wall Street Journal’s CEO Council annual summit Tuesday.
Musk told the paper’s Editor in Chief, Matt Murray, that while “there’s a lot of things that are really great about California,” he believes the state is taking its success for granted.
The CEO has been indicating leaving California for some time. Back in May, Musk tweeted that Tesla would “now move its HQ and future programs to Texas/Nevada immediately” after nearby authorities wouldn’t let the organization resume its Fremont factory during the Covid pandemic.
Tesla is as yet settled in California, as is SpaceX, his aerospace firm. Yet, Musk has other business interests in Texas that he refered to as factors in his decision.
“We’ve got the Starship development here in South Texas, where I am right now,” Musk said, referring to the massive spaceship and rocket system which he bills as the vehicle that will carry the first humans to Mars. “And then we’ve got big factory developments just outside Austin.”
That factory is Tesla’s Giga Texas — which will be used to build Tesla’s Cybertruck, Semi, as well as the Model 3 and Y for the Eastern part of the United States.
Tesla (TSLA) couldn’t be gone after comment late Tuesday.
US Senator Ted Cruz, who represents Texas, tweeted a greeting to Musk upon the news.
“Texas loves jobs & we’re very glad to have you as a Texan,” Cruz tweeted.