Tesla Headquarters Is Moving To Texas From California

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Tesla Chief executive Elon Musk has announced that company headquarters will move to Texas from California. He shared the update during the electric carmaker’s annual shareholders’ meeting in Austin.

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Elon Musk explained several reasons for the move. He said that the shareholders its Californian factory in Fremont was “jammed”. He said, “There’s a limit to how big you can scale it in the Bay Area. In Austin our factory is like five minutes from the airport, 15 minutes from downtown.”

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California was a difficult place for his employees to find affordable housing. However, this technology entrepreneur has had a fractious relationship with California. That’s why the company planned to increase output from its California and Nevada factories by 50%.

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The billionaire entrepreneur tweeted: “Tesla will now move its HQ and future programs to Texas/Nevada immediately.” He also shared, “This is not a matter of, sort of, Tesla leaving California.”