This move is about lowering his tax bill and nothing more. "With a net worth of $134.7B, Musk recently surpassed Bill Gates as the second-richest person in the

This move is about lowering his tax bill and nothing more. "With a net worth of $134.7B, Musk recently surpassed Bill Gates as the second-richest person in the world, and he's on track to earn more than $50 billion in stock options. If he remained in California, he’d be facing income taxes on the profits when he exercises them. In Texas, there is no income tax."