Silicon Valley billionaire Elon Musk said he moved to Texas on Tuesday from California because he wanted to focus more on Tesla's new electric vehicle plant and Lone Star's SpaceX company.
Musk announced the move in an interview with The Wall Street Journal's editor-in-chief, Matt Murray.
"A 49-year-old Tesla chief said The two biggest things I'm doing right now are building a Starship in South Texas... and a major new US factory for Tesla.
"The best use of my time here in California) has not always been."
Texas has the potential to sell some tax deductions to the world's second most affluent men. In the United States, California has some of the highest state tax rates, but does not pay personal income tax.
A increase of more than 670 percent in Tesla stock this year has increased Musk's net worth from $ 27 billion to $ 155 billion, marginally behind Jeff Bezos of Amazon.com Inc, according to the Bloomberg Billionaires Index.
In discussions addressing a wide range of subjects, including government interference, tech firms, and corporate strategy, Musk blamed the CEOs of other US companies for not being entirely focused on their goods.
"You're barking in the wrong tree if you find yourself spending a lot of time delivering presentations and reviewing spreadsheets," says Musk.
"Billionaires also compared themselves to war generals, saying, "When you're thinking about war, do you want an ivory tower or a front line general? When they see a general on the front line, the army will be more than that. I will fight fiercely. “
Musk said tech companies in Silicon Valley have overwhelmed the world and expected a decline in their influence.
Concerning the attempt by Tesla to collect $5 billion, he said:
Tesla stock options linked to the 2018 pay package have been won by Musk. This is estimated at present at about $20 billion.
In a post-Bell contract, Tesla shares grew 0.6 percent.
Noel Randewich and Uday Sampath's supplementary studies
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