Tesla CEO Elon Musk has warned that California is at risk of going bankrupt if significant changes aren’t made. In a post on X (formerly known as Twitter), Musk emphasized the urgency of the situation, stating, “Crucial or California will go bankrupt.”
The tech billionaire quoted an X user’s post that read “We need @DOGE California. ASAP, please. @elonmusk”.
While Musk did not elaborate on specific causes, his warning aligns with ongoing concerns about the state’s financial struggles. California has faced mounting budget deficits, with Governor Gavin Newsom recently announcing plans to address a shortfall estimated at over $68 billion. Critics point to high government spending, business regulations, and an exodus of…
