Elon Musk spent at least $225 million in Texas. The governor-elect who sued for Abbott emails and vowed a data center freeze won anyway

Source: Fortune ·

Elon Musk spent at least $225 million in Texas. The governor-elect who sued for Abbott emails and vowed a data center freeze won anyway

Hinojosa has questioned a $1.66 billion tax break for Musk’s $16.8 billion Terafab chip plant, and Democrats now control the Texas House.

From the source

Elon Musk directed at least $225 million of his midterm spending to Texas, according to OpenSecrets data NPR reported. Texas is home to the headquarters of Tesla and SpaceX, and on Tuesday its voters handed Democrats the governor’s office, a U.S. Senate seat, and the state House anyway. Democrat Gina Hinojosa unseated three-term Gov. Greg Abbott, becoming the state’s first Latina governor and ending a Republican hold on the office that began in 1995. James Talarico defeated Republican Ken Paxton, the first Democratic U.S. Senate win in Texas since 1988. Democrats also won control of the Texas House for the first time since Republicans took it in 2002. For Musk, the result replaces a governor who championed his Texas expansion with one who sued to see Abbott’s communications with him and has promised to freeze data center approvals. Tesla, SpaceX, and Terafab, the $16.8 billion chip plant they are building in Grimes County, all depend on state cooperation for their next phase in…

BestAIBroker analysis

Read the original source