Tesla CEO Elon Musk gives ‘bankruptcy’ warning for California

Elon Musk warns California could face bankruptcy without significant changes, citing concerns about high government spending and business regulations. Musk moved Tesla’s headquarters to Texas due to California’s challenges. He also emphasized that the U.S. needs drastic budget cuts, stressing it’s essential to avoid national bankruptcy.

​Elon Musk warns California could face bankruptcy without significant changes, citing concerns about high government spending and business regulations. Musk moved Tesla’s headquarters to Texas due to California’s challenges. He also emphasized that the U.S. needs drastic budget cuts, stressing it’s essential to avoid national bankruptcy.