Tesla's CEO Elon Musk says he has moved to Texas - MarketWatch

Tesla Inc. TSLA, +1.27% Chief Executive Elon Musk said at The Wall Street Journal event Tuesday that he has moved to Texas. The reason is to be able to follow closely the new Tesla factory going up outside of Austin and privately held SpaceX's startship program, also in the southern state, he said. Musk stopped short of saying Tesla and SpaceX headquarters would move out of California, but compared the western state to a team that is winning for an extended time and has become complacent. "California is winning for a long time," he said. "Silicon Valley has too much influence in the world," Musk said. With the pandemic, it is likely that that influence will diminish, he said. Musk and San Francisco Bay Area health authorities were at a standoff in May when Tesla's sole U.S. car-making plant in the region shut down as part of shelter-in-place orders designed to curb the spread of COVID-19. Musk reopened the Fremont, Calif., plant in defiance of the local orders, igniting Twitter and legal spats that prompted even President Donald Trump to chime in. Musk then threated to move out of California.

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