Elon Musk moves to Texas and compares himself to a war general
Silicon Valley billionaire Elon Musk said on Tuesday he moved to Texas from California because he wanted to focus more on Tesla Inc’s new electric car plant and its SpaceX business in Lone State. Star.
Musk confirmed this decision in an interview with Matt Murray, editor of the Wall Street Journal.
The two most important things that I have started right now are the development of Starship in South Texas then the big new American factory of Tesla, said the chief of Tesla, 49, said.
“It wasn’t necessarily a big use of my time here (in California).”
Texas could potentially offer some tax break for the world’s second richest man. It does not collect personal income tax while California has some of the highest state tax rates in the United States.
A surge of more than 670% in Tesla shares this year has pushed Musk’s net worth from $27 billion to $155 billion, just behind Jeff Bezos of Amazon.com Inc, according to the Bloomberg Billionaires Index.
In a conversation spanning a wide range of topics, including government intervention, tech companies, and corporate policy, Musk criticized CEOs of other U.S. companies for not focusing enough on their products.
If you spend a lot of time giving presentations and reviewing spreadsheets, you’re barking the wrong tree, Musk said.
The billionaire also compared himself to a war general and said: “If you think about war … do you want the general to be in an ivory tower or on the front lines? beat a lot harder if they see the general on the front lines. “
Musk said the tech companies in Silicon Valley had too much influence in the world and predicted a decrease in their power.
Of Tesla’s decision to raise $5 billion in capital, he said: We thought we could take out a lot of the debt and increase the security of the company … have more than one treasure trove. of war.”
Musk has won Tesla stock options linked to his 2018 salary package which are currently worth nearly $20 billion. Tesla shares rose 0.6% in trading after the bell.
