# Elon Musk's Texas Stakes in Abbott Election

> Elon Musk's Texas tax deals and political clout could shift with Greg Abbott's reelection.
- Title: Elon Musk's Texas Stakes in Abbott Election · Houstonchronicle
- Summary: Elon Musk's Texas tax deals and political clout could shift with Greg Abbott's reelection. Elon Musk's $1.6 billion in Texas tax incentives and $11.6 billion…
- Keywords: elon musk, greg abbott, texas, republican, democrat, corporate welfare, terafab, space x, tax incentives, gina hinojosa, news, local
- Source: Houstonchronicle — https://houstonchronicle.com/politics/texas/article/elon-musk-abbott-22455904.php
- Read time: 1 min
- Topics: elon musk, greg abbott, texas, republican, democrat, corporate welfare, terafab, space x, tax incentives, gina hinojosa, news, local
## Abbott's Musk Support
Gov. Greg Abbott calls Elon Musk Texas's leading economic developer.
## Tax Incentives for Musk
Abbott's office gave $1.6 billion in tax incentives and tens of millions in grants to Musk's companies.
## Hinojosa's Corporate Welfare Plan
Gina Hinojosa wants to end corporate welfare and redirect funds to property taxes.
## Musk's Political Spending
Musk donated $500,000 to Abbott's reelection campaign in May.
## Terafab Project Details
SpaceX plans $119 billion investment in Grimes County for Terafab chipmaking.
## Abbott's Terafab Praise
Abbott claims Texas will match Taiwan's semiconductor capabilities with Musk's Terafab.
## Musk's Texas Investments
Musk has invested over $11.6 billion in Texas and will create 22,000 jobs.
## Hinojosa's Clawback Challenges
Hinojosa could claw back $30 million grant but tax incentives are hard to reverse.
## Texas Business Courts
Musk moved companies to Texas after Abbott pushed for business courts.
## Key takeaway

Elon Musk's $1.6 billion in Texas tax incentives and $11.6 billion in investments face potential clawback if Greg Abbott loses the governorship.