Elon Musk may have been responsible for most of his companies in California, but hes become increasingly critical of the state as a business location.
Get Tesla Inc ReportCEO said that much more in recent remarks during a virtual appearance at the recent All-In Conference in Miami.
California used to be the land of opportunity, according to Musk. Despite its transformation into the land of taxes, overregulation, and litigation, this is not a good situation.
Tesla expanded its manufacturing facilities in Shanghai and near Berlin, gaining substantial tax concessions from the state. When it came to a new factory, Musk opted for Texas.
He boasted that the recently opened Gigafactory near Austin a building three times the size of the Pentagon was completed in just 18 months.
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If you had a pistol to head of [California Governor Gavin Newsoms] and said, he would not start building this factory right now, Musk said. There are so many regulatory agencies and so many litigators in California that want to stop you from doing anything that even if youre the governor of the state, you cannot do it.
California''s political environment was put to the use by Musk.
Musk blasts the state as a one-party state, noting that Democrats hold a super-majority in the state legislature and all of the statewide elected offices. State officials will never be responsive except to the individuals who provided them.
According to Musk, California''s people have to get fed up and demand change. Republicans have had a chance of winning in California.
Most of Musk''s many successful firms have been established in California, including PayPal (PYPL) - Get PayPal Holdings, Inc. Report, SpaceX, the Boring Company, Neuralink, and Tesla.