The Democrats, who achieved victory in the midterm elections in Texas, intend to reconsider the operating conditions of Elon Musk's major projects in the state. SpaceX, Tesla and Neuralink may be under the attention of the new authorities: the party is not satisfied with the set of special conditions given to these companies under the Republican leadership starting in 2020.
The program includes a review of compliance with environmental and labor conditions, as well as an investigation of previously approved land transactions. For now, we are talking about planned actions, and not about sanctions that have been taken or proven violations. However, for organizations, changing the previous agreements means uncertainty about working conditions and project implementation.
Against the background of the first voting results, Musk's fortune decreased by 29 billion dollars. The reasons for this decrease are not explained in this figure. The outcome of the Texas policy creates a new risk for businesses: Decisions that gave companies special treatment may now be subject to scrutiny and re-examination.
Ξeconomy.