Gov. Abbott says Tesla CEO supports state’s ‘social policies,’ Musk refuses to comment directly on Texas Abortion Law

Elon Musk refused to directly comment on his stance on the Texas Abortion Law. Earlier on the same day, Governor Greg Abbott of Texas had said that the CEO of Tesla and SpaceX had supported Texas “social policies.”


On Thursday, Governor Abbott appeared on CNBC’s “Squawk on the Street.” He said that his state was appealing to businesses and individuals. He said that the new law (that prevents abortion after six weeks and that allows the public to enforce the ban) and other politically divisive social issue laws did not affect business in the state.


He added that there were a lot of businesses and Americans who liked the social positions that were taken by the state of Texas. He said that these positions were accelerating the process of businesses that were coming to the state instead of slowing down the process.


He mentioned that Elon Musk had to leave California partly due to the state’s social policies and that “Elon consistently” told him that he liked the state’s “social policies.”


Later on, Thursday, Elon Musk told CNBC in a tweet that in general he believed that government should rarely impose its will on people and when it did so, it should aim to “maximize their cumulative happiness.” He also said that he would like to stay out of politics.


Elon Musk had moved to Texas last year. He left California as he wanted to save billions of dollars in taxes. He has been expanding his operations in Texas. SpaceX operations in the state have been functioning from 2003. Currently, he is also expanding Tesla operations in the state.


He is building a second Tesla plant in the U.S., outside of Austin. According to his announcement in March, the new plant in Texas will hire more than 10,000 people through the following year.


Although Tesla’s headquarters remain in Palo Alto, California and Tesla’s first U.S. car assembly is in Fremont, in the past, he had threatened to leave the Golden State and move all operations to Texas.


Follow us on Google news for more updates and News


This content is being provided to you for informational purposes only. The content has been prepared by third parties not affiliated with CWEB Inc, a business. This content and any information contained therein, does not constitute a recommendation by CWEB to buy, sell or hold any security, financial product or instrument referenced in the content. This information neither is, nor should be construed as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. CWEB Inc. does not offer or provide any opinion regarding the nature, potential, value, suitability or profitability of any particular investment or investment strategy, and you shall be fully responsible for any investment decisions you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.

Unless stated otherwise, the web content provided by the CWEB family of companies is for educational purposes only. The information and tools provided neither are, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. or its affiliates. Unless stated otherwise, no information presented constitutes a recommendation by CWEB Inc. or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy.

Full Disclaimer