Elon Musk Leaves California for Texas Citing Complacency and Over-reach of Regulations on Tech Companies

Tesla and SpaceX CEO Elon Musk said Tuesday that he has personally relocated to Texas. “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. California has been winning for too long,” Musk said at the Wall Street Journal CEO Council summit 

“Tesla and SpaceX obviously have massive operations in California,” Musk said, according to CNBC. “In fact, it’s worth noting that Tesla is the last car company still manufacturing cars in California. SpaceX is the last aerospace company still doing significant manufacturing in California. There used to be over a dozen car plants in California. And California used to be the center of aerospace manufacturing,” he continued. “My companies are the last two left…That’s a very important point to make. For myself, yes I have moved to Texas.”

During his remarks Tuesday, Musk also condemned government regulations and bureaucracy that he says has limited new startup creation by favoring monopolies and duopolies. “You have a forest of redwoods and the little trees can’t grow,” Musk said, adding that the government should “just get out of the way” of innovators. 

In July, Musk announced that Tesla would be building a billion dollar plant near Austin, Texas, its second in the U.S. and first outside Silicon Valley. Musk’s SpaceX also has operations in Texas.