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Elon Musk confirms his move to Texas

CNBC's Phil LeBeau with the latest on Elon Musk's move from California to Texas. With CNBC's Dominic Chu and the Fast Money traders, Guy Adami, Tim Seymour, Bonawyn Eison and Karen Finerman.

Elon Musk said Tuesday that while SpaceX and Tesla maintain major operations in California today, he has personally moved to Texas.

?If a team has been winning for too long, they do tend to get a little complacent, a little entitled and then they don?t win the championship anymore. California has been winning for too long,? Musk said at The Wall Street Journal CEO Council summit, repeating an analogy he has used many times before to express his displeasure with California?s regulatory environment.

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