San Francisco | Elon Musk has moved to Texas to focus on two big priorities for his companies: SpaceX’s new Starship vehicle and Tesla's new Gigafactory, under construction in Austin.
There also are potentially enormous tax implications for Mr Musk, who recently became the world’s second-wealthiest person. Texas has no personal income tax, while California imposes the highest personal income levies in the nation on its richest residents.