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The media learned about Musk’s plans to move from California :: Society :: RBC



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Several close friends and colleagues of Musk learned that he decided to move to Texas, according to CNBC. Now the businessman formally lives in California, where the highest income tax is in the United States. He is not in Texas

Photo: Jae C. Hong / AP

Photo: Jae C. Hong / AP

Elon Musk, the founder of Tesla and SpaceX, told several of his close friends and colleagues that he plans to move from California to Texas, CNBC reports.

According to him, Musk has been to Texas lately. He spends most of his time in the state capital, Austin, where Tesla and its startup Boring Company are located, and in the coastal village of Boca Chica, where SpaceX is.

Musk’s main residence is now in Los Angeles. Tesla’s headquarters are in Palo Alto, with California city Hawthorne listed as SpaceX’s top address.

At the same time, California has the highest income tax in the United States, and moving out of this state “could save Musk billions of dollars,” CNBC notes. In Texas, the tax rate is zero.

Forbes argued with Bloomberg about Musk’s place in the richest people list in the world

Elon Musk

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