SAN FRANCISCO- The CEO of Tesla and founder of SpaceX, Elon Musk, announced this Tuesday that he left his place of residence in the technological zone known as Silicon Valley (California) and moved to live in Texas, where his companies have increasingly more presence.
The popular inventor revealed his change of residence in an interview in The Wall Street Journal, and took the opportunity to criticize the, in his opinion, “complacency” that has taken hold of what has been the engine of technological innovation in the US for decades. USA
“If a team has been winning for too long, it tends to become complacent and stop winning the championships. California has been winning too long,” said Musk, who had previously been dissatisfied with the political and regulatory climate in the most populous US state. .UU.
Although both Tesla and SpaceX continue to have a large part of their operations in California, both companies have been betting increasingly hard on Texas, which also does not have income taxes at the state level, unlike California, with one of the highest in the world. country.
Unlike California, a state in which the Democrats dominate all the places of the State Administration and that during the four years of Donald Trump’s government has been erected in the main bastion against Washington’s policies, in Texas it is the Republicans who they control most of the State Administration.
The Texas capital, Austin, was also Tesla’s chosen location to build its second US electric vehicle factory.
He arrived with four astronauts on board.
At the beginning of May, Musk staged a public confrontation of several days with the authorities of Alameda County, in the San Francisco Bay area, when they did not allow him to reopen the Telsa factory in the town of Fremont due to restrictions by the covid-19 pandemic.
On that occasion, the CEO of the firm already threatened to remove the California headquarters and move it to another state.
Since the beginning of the pandemic, several companies and executives in the technology industry have left Silicon Valley, since remote work has allowed them to relocate to places with a much lower cost of living and with less strict regulations.
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