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Gavin Newsom: “California's regulatory system created the incentives for…”

Featuring: Gavin Newsom, Democratic | Governor of California

Full Interview with Gov. Gavin Newsom | The California Agenda: Sacramento Summit

Published August 28, 2025 | Video Starts at 49:02

I personally know because I know I've been accused of spending more time than I should with them. You know, I'm pretty proud of California's regulatory system created the incentives for someone like Elon Musk to make billions and billions of dollars. You don't think this was part of a backlash to your time as mayor of San Francisco and then being governor and that it's shifted some of the folks within Silicon Valley? (49:02–49:15)

CLAIM

Asserts that California's regulatory system incentivized Elon Musk's financial success.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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