It is official: Elon Musk has moved to Texas. The phrase got here from the person himself throughout an interview for the WSJ CEO Council Summit. The affirmation definitively confirms our previous reporting that he would change his state of domicile.

Musk, who’s CEO of Tesla, SpaceX, and The Boring Company, appeared to intimate that the choice stemmed from his dissatisfaction with the State of California. Within the interview, he mentions that California had grow to be complacent and suffered from overly-onerous rules. 

Now, which may appear to point his is planning on transferring his California operations out of the state, as he had threatened to do earlier in the year, however that seems to not be the case. We’re uncertain of which, if any, rules could also be cramping his residential type. For now, at the least, the operations of his assorted corporations within the Golden State appear to be secure.

The information actually did not rattle Tesla buyers. The inventory completed the day buying and selling at an all-time excessive of $649.88. In pre-stock cut up phrases, {that a} share worth of $3,249.40. Wow.

Texas is a pure vacation spot for Musk. Tesla is constructing a so-called Terra Manufacturing unit in Austin, Texas, which is able to produce the Cybertruck, Model Y, and Semi, in addition to many GWh of the brand new 4680 battery design to energy them.

SpaceX additionally has vital operations within the South East nook of the state. In Boca Chica, simply exterior Brownsville, it’s creating Star Ship: the craft the entrepreneur hopes will ultimately assist people colonize Mars.

Try the video on the prime of the web page for a summation of the information from CNBC or click on under for your entire interview with Musk.