Do you want to play fun Situs Slot Gacor Malam Ini 2022 but still get bored? Join our site now! We provide Bocoran Pola and how to play Game Slot Online every day.

Elon Musk Moves To Texas After Row With Authorities Over Factory Shutdown Amid Covid – Unblendednews

Elon Musk Moves To Texas After Row With Authorities Over Factory Shutdown Amid Covid

[ad_1]

Elon Musk Moves To Texas After Row With Authorities Over Factory Shutdown Amid Covid

Bloomberg estimates Elon Musk is worth about $155 billion

New York:

Elon Musk can comfortably call himself the world’s second-richest person amid a surge in the stock of his electric car maker Tesla, and now he has added another title: Texan.

The norm-shattering entrepreneur announced on Tuesday he had left California after a heated squabble earlier this year with local authorities, who ordered one of his auto factories closed to stop the spread of Covid-19.

“Yes, I have moved to Texas,” he told a conference organized by The Wall Street Journal.

Musk justified the move by saying he needed to be closer to two of his biggest projects: the development of rockets by his company SpaceX in the southern part of the state, and construction of a Tesla automobile plant near state capital Austin.

Texas also offers a lower cost of living and no state income tax, both of which may appeal to South Africa-born Musk, 49, who overtook Bill Gates to become the world’s second-wealthiest person last month as Tesla stock reached ever-higher heights.

The high-end electric auto maker’s share price closed at a record high of $649.88 on Tuesday after the company said it would sell $5 billion in shares. Bloomberg estimates Musk is worth about $155 billion.

Newsbeep

As far as California, Musk described the state as “great,” but likened it to an overconfident sports team.

“If a team has been winning for too long, they do tend to get a little complacent, a little entitled, and then they don’t win the championship anymore,” Musk said. “California has been winning for a long time… and they are taking it for granted.”

California is the most populous and economically productive of the US states, and also imposes a higher tax burden on wealthy individuals like Musk.

As the coronavirus swept the United States earlier this year, Musk engaged in a public spat with local officials over business closure orders that temporarily shuttered a Tesla factory in northern California, and vowed to move his headquarters and future projects to Texas or Nevada.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

[ad_2]

Source link

https://freefireimagem.com/

https://printveela.com/

https://negocio.topnews.cloud/

https://stocksnstonks.com/

https://airmotiontechnology.com/

https://footballroof.com/

https://iavstudios.com/

https://theultimategameoflife.com/

https://manualcopyleft.net/

https://thatsmytool.com/