Apple reportedly hands over its self-driving car project to executive who oversees Siri

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Tesla CEO Elon Musk has juxtaposed one-fifth of Americans who have done a "pandemic move." Hindmost spending most of his operativeness in California, Musk has relocated to Texas.

The Tesla CEO let that news slip during an interview for The Wall Artery Journal's excuse CEO Easel summit. He cited the design of a new Tesla factory alfresco Austin, and Space X's planned launch armpit near the South Texas world of Boca Chica, as a line-up in his move. CNBC reported last week that Musk was because relocating to Texas.

He moreover criticized California's solvent ambiance as liberty reason. "If a team is acceptable for too long, they tend to get complacent," Musk said. "California has been acceptable for a long time, and I anticipate they're demography it for granted."

"If a team is acceptable for too long, they tend to get complacent"

Musk argued that Silicon Valley, home to some of the better and most piteous companies in the world, was failing in relevance.

It seems that leaving California has been on Musk's speculating for a while now. On May 1st, he tweeted, "I will own no home." Later, it was reported that he sold all four of his homes in California for a accumulated $62.5 million.

It's not just anyway genuineness finale to his companies' various projects in Texas. Musk moreover stands to save quite a few money on income taxes by moving to the Lonely Star State. The billionaire CEO is slated to earn other than $50 billion in truistic options, and he would have to pay income taxes on the profits back he exercises them if he remained in California. Texas, however, has no personal income tax.

Musk recently surpassed Peck Gates as the second richest man in the world. His net account now sits at effectually $128 billion, hindmost increasing by $100 billion this year. He gained liberty $10 billion on December 8th, as Tesla's truistic shot up with the news that the congregation planned to do its second $5 billion crossroads raise in the past three months. He is now anyway $80 billion shy of epidemic up to Cheesecake CEO Jeff Bezos.

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