Elon Musk confirms earlier stories:
It took him long enough.
Later: The WSJ weighs in. Link here. From the linked article:
Gov. Gavin Newsom told CNBC he was “not worried about Elon leaving any time soon” and the state was committed to the car maker’s success. “We may not be the cheapest place to do business but we are the best place to do business,” Mr. Newsom, a Democrat, said. Silicon Valley remains home to some of the hottest companies— AirBNB and food delivery company DoorDash Inc. are poised for multibillion-dollar public listings this month and are both based in San Francisco.
The writer failed to mention that Schwab has also recently departed San Francisco, headed for Texas.
Also from Yahoo!Finance. Reports that Elon Musk "compares himself to a war general."
You can darned well bet that California will be haunting him for their 13% income tax for a long while. His attorneys will earn their fees defending this caper. Good thing he can afford to pay them....
ReplyDeleteYeah, it's a funny story ...
DeleteCalifornia is looking to enact a 10 yr sliding scale tax on EVERYONE moving out of the state.
ReplyDeleteStep Daughter and family are looking to get out and were informed that there is a deadline to do so, else get nailed with it.
This isnt just corporate America fleeing anymore, Newsome is intent on penalizing everyone leaving his little piece of paradise.
I can see the lawyers lining up with lawsuits already.
Newsom, et al are crazy.
Delete