The billionaire’s companies enjoyed major tax breaks in the state. Now, he’s declared it intolerable and ordered his firms to Texas
Elon Musk announced this week he would move the headquarters of his companies X and SpaceX from California to Texas, the culmination of a longstanding face-off between the volatile executive and the state where his companies began.
Just one year ago, Musk declared he would not move X headquarters out of San Francisco – despite his assertions the city was in a “doom spiral”. At the time, he wrote, “You only know who your real friends are when the chips are down. San Francisco, beautiful San Francisco, though others forsake you, we will always be your friend.”
Continue reading…The billionaire’s companies enjoyed major tax breaks in the state. Now, he’s declared it intolerable and ordered his firms to TexasElon Musk announced this week he would move the headquarters of his companies X and SpaceX from California to Texas, the culmination of a longstanding face-off between the volatile executive and the state where his companies began.Just one year ago, Musk declared he would not move X headquarters out of San Francisco – despite his assertions the city was in a “doom spiral”. At the time, he wrote, “You only know who your real friends are when the chips are down. San Francisco, beautiful San Francisco, though others forsake you, we will always be your friend.” Continue reading…