Tesla and SpaceX CEO Elon Musk said Tuesday he has personally relocated to Texas, citing repeated complaints with California’s regulations over technology companies, as well as what he called innovation complacency throughout Silicon Valley.

“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 Tuesday during an interview with Editor-in-Chief Matt Murray.

When asked if he had moved from California, Musk first emphasized the presence his companies still have in the nation’s largest state.

“First of all, Tesla and SpaceX obviously have massive operations in California,” the South Africa native said, according to CNBC. “In fact, it’s worth noting that Tesla is the last car company still manufacturing cars in California. SpaceX is the last aerospace company still doing significant manufacturing in California.”