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Added on the 08/12/2020 15:18:56 - Copyright : Wochit
Abbott via Facebook TSLA Tesla 594.15 0.65 (0.11 %) Disclaimer Get real-time TSLA charts here " Elon Musk has informed friends that he plans to move to Texas, CNBC reports. The news comes after Musk threatened in May to move Tesla out of California because of its response to the coronavirus. Texas famously has no state income tax, which could save Musk a lot of money on his massive pay package. Tesla's factory in Fremont was required to cease operations for a short period of time. —Elon Musk (@elonmusk) May 9, 2020 Even before the tweet, Musk had called California's rules fascist, urging the state on an earnings call to "give people back their goddamn freedom."
La Paz, Jul 3 (EFE).- The Mexican state of Baja California Sur, which is home to the important tourist center of Los Cabos, has been suffering its highest spike of covid-19 infections since the beginning of the pandemic and is setting off alarm bells of the third wave of infections in Mexico.With more than 2,701 active cases, 1,698 deaths and some 300 daily infections, Baja California Sur has already surpassed its peak in January, forcing the state government to impose certain health restrictions. (Camera: MAHATMA FONG).B-ROLL OF THE CITY OF LA PAZ IN THE STATE OF BAJA CALIFORNIA, MEXICO
Business Insider reports that Elon Musk is now the richest man in the world. His net worth has skyrocketed to $187 billion. He is the CEO of two companies, Tesla and SpaceX, and the founder of three more. He's also been married three times and has triplets and twins. He recently had another baby with his girlfriend, the musician Grimes.
Pool/Getty Images Perhaps nobody had a better year, financially speaking, than Tesla and SpaceX CEO Elon Musk. The billionaire saw his wealth more than quintuple during a pandemic that's left hundreds of thousands dead and many more out of work. Yet the magnate takes a very small salary, instead relying on massive stakes in his companies to accumulate wealth. With Tesla's stunning performance this year, it's no surprise that those equity values have also swelled. Visit Business Insider's homepage for more stories.
California Gov. Gavin Newsom has selected Kamala Harris' replacement for the senate. He has chosen Secretary of State Alex Padilla. Padilla will be the first-ever Latino to represent California in the US Senate. Business Insider reports he will serve out the rest of Harris' term until 2022. California is one of 37 US states in which governors fill a US Senate vacancy by appointment.
New York (CNN Business) Silicon Valley has been the epicenter of the tech industry for decades, starting in 1938 when Bill Hewlett and David Packard started tinkering in a Palo Alto garage. A string of high profile tech investors and executives are leaving San Francisco, too: Last week, Elon Musk recently said he has moved to Texas after selling his Bel Air homes earlier this year. Such moves are to be expected during the pandemic, when people are working from home anyway. Several tech firms have said they'll give employees the option to permanently work from home even after the pandemic ends.
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