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Musk says he will move SpaceX, X headquarters to Texas over frustration with California laws
Reuters ^ | July 16, 2024 | Priyanka.G in Bengaluru

Posted on 07/17/2024 6:54:37 AM PDT by Freeport

Elon Musk said on Tuesday he is moving the headquarters of two more of his companies - social media platform X and rocket company SpaceX - to Texas from California, citing a new gender-identity law there as the "last straw."

With these steps, the billionaire, who last week endorsed Republican Donald Trump for U.S. president, will have relocated Tesla (TSLA.O), opens new tab and most of the businesses he controls or heads to Texas.

The world's richest man, he changed his own residence in 2021 from California to Texas, where there is no state income tax on individuals.

A new California law that forbids school districts from requiring teachers to notify parents when a child changes gender identity or sexual orientation helped spur Tuesday's announcement, Musk said.

"Because of this law and the many others that preceded it, attacking both families and companies," Musk, who has a transgender daughter, said in explaining the decision on X - formerly Twitter - which he bought in 2022.

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Culture/Society; US: California; US: Texas
KEYWORDS: california; spacex; texas; transgender
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To: ConservativeWarrior

What if you sell your home & rent—but stay in NJ.?


21 posted on 07/17/2024 9:12:01 AM PDT by ridesthemiles (not giving up on TRUMP---EVER)
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To: ridesthemiles

What if you sell your home & rent—but stay in NJ.?


That’s a good question. I think his tax was levied at closing. Which makes me wonder what if you sell and plan to buy again in-state, but haven’t found that house yet?


22 posted on 07/17/2024 9:40:50 AM PDT by ConservativeWarrior (Fall down seven times, stand up eight. - Japanese proverb)
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To: bgill

I was in the Spokane airport this past Saturday. The guy next to me waiting in the bar for his flight had a Make Texas Great Again red hat on. He said the amount of former Californians in his state was ruining Texas.

I had spent the previous week in Boise and Coeur d’Alene, ID.
The ex Californians are ruining Idaho too.


23 posted on 07/17/2024 9:53:52 AM PDT by woodbutcher1963
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To: woodbutcher1963

Sorry to hear that.


24 posted on 07/17/2024 9:59:48 AM PDT by bgill
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To: bgill

Coeur d’Alene was still pretty nice. It has just gotten so expensive on real estate in the last five or so years. The downtown area is now full of condo buildings.

CdA is still God’s country though. Especially if you get about 20 miles north of there. However, from Spokane to CdA it is all built up now.

Most of the people that move to north Idaho are red blooded Americans. Not like the liberals that move to Boise. Also, most of the immigrants from south of the border do not like northern Idaho. It gets too cold for them in the winter.


25 posted on 07/17/2024 10:47:11 AM PDT by woodbutcher1963
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To: Freeport

In order for this move to be a benefit to Texas, Musk gives the pink slip to all the liberal employees. They’re the ones that voted for California government that pushed for This bill.

I’ll bet that there are plenty of Conservative tech folks, engineers and physicists, in Texas that would love opportunity to work for him.

Otherwise is just liberals getting closer to turning Texas Purple


26 posted on 07/17/2024 8:16:02 PM PDT by qaz123
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