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Economy & Jobs

Uber cofounder Kalanick moved to Texas before California tax deadline

Travis Kalanick, Uber's cofounder, moved to Austin, Texas, on December 18, 2025, about two weeks before January 1, 2026, when California's proposed billionaires tax would have applied to him.

Where
Austin, Texas
When
December 18, 2025
Sources
Reported by 2 outlets

Counties: Travis

Taxes and money

California's proposed 5% billionaires tax, if approved, would apply only to billionaires whose primary residence was in California as of January 1, 2026. Billionaires departing before that date would not be subject to the tax.

  • California billionaires tax (one-time, proposed)5% on net worth1 2 Who pays or receives it: California billionaires
  • Potential tax bill for Kalanick$180 million1 2 Who pays or receives it: Travis Kalanick
  • Wealth removed from California tax base by departing billionaires$540 billion1 2 Who pays or receives it: Not applicable

Does this affect you?

Coming up

  • Wednesday, October 28, 2026. California voters vote on Proposition 40 billionaires tax (California)1 2

Who's involved

  • Travis KalanickUber cofounder
  • Benjamin JarosStanford economist
  • Joshua RauhStanford economist

The facts

  • Kalanick moved to Austin on December 18, 2025, about two weeks before the January 1 tax deadline.1 2 Stated by 2 sources
  • Kalanick owned a home on Lake Austin for roughly five years before the move.1 2 Stated by 2 sources
  • Kalanick runs Atoms, a robotics company formerly known as CloudKitchens.1 2 Stated by 2 sources
  • Stanford economists estimated departing billionaires took about $540 billion out of California.1 2 Stated by 2 sources
  • David Sacks, Craft Ventures cofounder, also relocated to Austin in December 2025.1

Who said what

These are statements and claims made by the people involved. They are reported, not verified.

  • Travis Kalanick Moved to Texas prior to January deadline; now primary resident of Texas.1 2
  • Travis Kalanick Drawn to Lake Austin for the lake and waterskiing.1 2
  • California Proposition 40 supporters Initiative would raise about $100 billion in revenue.2
  • Stanford economists Jaros and Rauh Initiative would raise about $30 billion after accounting for billionaires leaving.2

How they headlined it

The same event, as each outlet put it. Marked words appear in only one outlet's headline.

  • Uber cofounder moved to Texas ‘prior to January’—dodging $180M hit from California billionaires tax

    Fortune

  • Kalanick says he moved to Texas before California tax deadline

    UA.NEWS

Sources

Outlets: 2 not rated Who's covering Texas →

These outlets were found through Google News headlines. Google decides which outlets appear there, and they lean mostly one way, so this sheet can only be as balanced as the reporting it was built from. Leanings are AllSides Media Bias Ratings.

  1. Uber cofounder moved to Texas ‘prior to January’—dodging $180M hit from California billionaires tax Fortune Not rated, October 27, 2026
  2. Kalanick says he moved to Texas before California tax deadline — Fortune UA.NEWS Not rated, October 27, 2026

This sheet was written by AI from the sources above and adds nothing they don't state. Read the originals for full context.

Spot an error on this sheet?

All corrections and updates

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Food startup Wonder plans 100+ Texas locations and IPO

Wonder, founded by Marc Lore, plans to expand into Texas next year with 100 or more locations by the end of 2027. The company also plans to launch Wonder Create on Nov. 17, a $10-per-month subscription letting users run their own restaurants from Wonder locations.

$9 billion for series D valuation (pre-money)

Marc Lore, founder of Wonder; Gabrielle Scheibe Rabinovitch, chief financial officer; Wonder, food startup

Reported by 2 outletsFound via Google News

Texas homeowner compares Tesla Powerwall credit against free-overnight electricity plan

A Dallas-Fort Worth homeowner with two Tesla Powerwalls and a 17-kilowatt solar system compared Tesla's annual battery credit against a free-overnight electricity plan. Tesla pays $400 per Powerwall annually; the homeowner estimated a free-overnight plan could reduce annual bills to about $224-$717.

$400 for tesla Powerwall annual credit per unit

Tesla, battery manufacturer and electricity provider; Reliant, electricity provider offering Free Overnight 12 plan; Dallas-Fort Worth homeowner, Powerwall owner conducting analysis

Reported by 2 outletsFound via Google News

Audi plans $4 billion Georgia plant, Toyota expands San Antonio factory

President Trump announced that Audi plans to build a $4 billion assembly plant in Georgia to produce SUVs annually, creating about 4,500 jobs with production starting in the early 2030s. Toyota said it would spend $3.6 billion to build a truck assembly line on its San Antonio, Texas campus, creating 2,000 jobs by 2030.

$4bn for assembly plant investment

Donald Trump, US President; Gernot Doellner, Audi CEO; Audi, automotive company announcing factory expansion and 2 more

Reported by 2 outletsFound via Google News

San Antonio Food Bank pursues carbon credits for hunger relief funding

The San Antonio Food Bank is participating in a carbon-credit project developed by Brightly to generate revenue for rescue operations. The project finances food rescue by preventing methane emissions from decomposing food in landfills, with companies purchasing credits to support collection and distribution work.

San Antonio Food Bank, organization pursuing carbon-credit project; Eric Cooper, President and CEO of San Antonio Food Bank; Brightly, developer of carbon-credit project

One outletFound via Google News

College Football Playoff contenders change after Week 8 upsets

After Week 8 college football games, No. 2 BYU lost to UCF and Texas Tech lost to Cincinnati on Oct. 24, shifting standings in the Big 12 and affecting College Football Playoff prospects. Texas beat Ole Miss 34-27 to stay in contention, and LSU beat Mississippi State and Auburn.

BYU, No. 2 ranked team that lost to UCF; UCF, Defeated BYU 39-31 in double overtime; Texas Tech, Red Raiders, lost to Cincinnati 37-24 and 6 more

Reported by 2 outletsOnly left-leaning outlets reported thisFound via Google News

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