Don't mess with Texas, and don't mess with Elon.

Confidential sources close to the multi-billionaire have told CNBC that the business magnate and self-professed Babylon Bee fan, Elon Musk, is going to add Space Cowboy to his bio by moving his residency from California to Texas. California, with their high taxes and the recent Covid restrictions, has forced Musk to join many, many other companies in fleeing the Golden State.

According to the CNBC report, this move is a long time coming for the mogul:

Musk, the world's second-wealthiest person behind Amazon's Jeff Bezos, is in Texas frequently already. He spends most of his time between Austin, where Tesla and his tunnel start-up Boring Company have operations, and a coastal village called Boca Chica, home to a SpaceX facility. SpaceX started operating in Texas in 2003.

Back in May, in response to further Covid restrictions, Musk threatened legal action against Alameda County in California when the policy would not allow the Tesla manufacturing plant in the county to remain open. At that time, Musk said that this was "the final straw" and that he would be moving Tesla headquarters out of California.

CNBC lays out the financial benefit Musk would have for moving from California to Texas.

But Musk's personal financial reasons for leaving California are significant. Under his 10-year compensation package approved in 2018, Musk could earn well over $50 billion in stock and awards in 12 tranches — he's already reached the fourth. He would have to pay income taxes on the profits when he exercises the options. The top state income tax rate in California is 13.3%. In Texas, it's zero.

I don't understand all the technical aspects, but I do know THAT'S A LOT OF MONEY!

I'm looking forward to Elon visiting with Joe Rogan again in his new studio.