Elon Musk made a big decision recently. He said that he is moving his companies, SpaceX and X, from California to Texas. This move comes after California passed a new law about gender identification that Mr. Musk disagrees with. He announced the decision on X and mentioned that the new law was the “final straw” for him.
The law, signed by California governor Gavin Newsom, prevents school districts from informing parents about their child’s gender identification changes. Mr. Musk expressed his concerns about this law and its impact on families and companies. He had warned Governor Newsom about laws like this a year ago, stating that they could lead to families and businesses leaving California to protect their children.
In addition to relocating his companies, Mr. Musk has also moved his personal residence from California to Texas. One of the reasons for this move is Texas not having a state personal income tax, unlike California. This can result in significant tax savings for Mr. Musk.
This is not the first time Elon Musk has made headlines. Recently, it was reported that he donated a large sum of money to a political group supporting presidential candidate Donald Trump. The amount was estimated to be around $45 million per month. This shows Mr. Musk’s involvement in politics and his support for certain causes.
Overall, Elon Musk’s decision to move his companies from California to Texas is a significant one. It reflects his concerns about the new gender identification law in California and his desire to protect families and businesses. Additionally, his involvement in politics and donations to political groups show his influence and impact beyond the business world.
