Elon Musk: California has high taxes and strict regulations; Texas is the fertile ground for business development
2026-11-08 02:34:20
According to CoinMeta, Musk reposted an article from The Wall Street Journal, stating that California's high tax burden and excessive regulation make it difficult for businesses to thrive, while Texas is a fertile ground for business development. He mentioned that the reason SpaceX and Tesla have been successful in Texas is that they do not have to deal with a state government that constantly imposes pressure, and emphasized the need to stay near the factories in order to personally inspect the production lines. Musk pointed out that as the business environment in California becomes increasingly difficult, they are moving their major expansion projects and headquarters within the United States to Texas.
Source:Jin10 Data
This content is for market information only and does not constitute investment advice.
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