While critics of California point to high taxes, eye-watering housing costs, earthquakes and wildfires as reasons for businesses to flee, the state’s economy is set to become the world’s fourth largest, according to a report.
Elon Musk turned heads when he decided to relocate Tesla’s headquarters from California to Texas, citing housing availability and commute time for employees in the Bay Area, but the state’s economy is now poised to overtake that of Germany, says Bloomberg.
