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Added on the 05/12/2020 10:43:56 - Copyright : Wochit
Tesla and SpaceX CEO Elon Musk has sold three adjacent houses in the Bel-Air neighborhood. The Los Angeles homes sold for a combined $40.9 million, reports Business Insider. The largest home is a six-bedroom, seven-bathroom mansion that sits on 1.5 acres of land. It reportedly sold for $29.72 million. The Bel-Air homes are among several pieces of property Musk has sold off in 2020. Musk is now pledging that he will "own no house" and is moving to Texas.
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.
After a month-long argument with the Great State of California, Tesla founder Elon Musk has had enough. According to Business Insider, Musk confirmed on Tuesday that he has moved to Texas. Musk began extricating himself when local COVID-19 restrictions forced Tesla to temporarily close its only US car factory in the Bay Area. Over the summer, as he sold many Los Angeles-area homes, Musk also quietly moved his charitable foundation to Texas. At a virtual conference on Tuesday, Musk pointedly noted Tesla owns the last car manufacturing plant in the entire state of California.
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."
Argentina's President Javier Milei visits the Tesla factory in Austin, United States, with Tesla CEO Elon Musk. IMAGES
Images of the billionaire owner of X and Tesla, Elon Musk, arriving to take part in Italian Prime minister Giorgia Meloni's Brothers of Italy party political rally in Rome, Italy, holding his son in his arms. British Prime minister Rishi Sunak and Albanian Prime minister Edi Rama are also set to attend the event, organised to discuss the fight against illegal immigration, a subject at the heart of the recent rapprochement between London and Rome, Downing Street announced before the weekend. IMAGES
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