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Elon Musk

Tech flight: Why Silicon Valley is heading to Miami and Austin, Texas

The desire for cheaper expenses and to avoid costly local laws drives business relocations.

Miami Mayor Francis Suarez has been fielding numerous inquiries from top executives in the tech world who reached out in recent weeks — from Tesla CEO Elon Musk to Twitter CEO Jack Dorsey. He has also reportedly met with former Google CEO Eric Schmidt and the chairman of Palantir, Peter Thiel, among others.

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