New Delhi, Feb. 24 -- Tesla CEO Elon Musk has sounded an alarm over California's financial future, warning that the state could face bankruptcy if significant reforms are not implemented. In a post on X, Musk stated, "Crucial or California will go bankrupt," though he did not provide specific details regarding the causes of the state's financial struggles.

The tech billionaire's comments came in response to an X user's post that read, "We need @DOGE California. ASAP, please. @elonmusk." While the meaning behind the exchange remains unclear, Musk's warning aligns with ongoing concerns about California's economic outlook and budget challenges.

Despite Governor Gavin Newsom presenting a balanced $322 billion state budget for 2024, financia...