Tesla will move its headquarters from California to Texas, Musk said

Updates: 08.10.2021 01:39

Austin (USA) – Tesla will officially move its headquarters from Silicon Valley, California to Texas. This was announced at the general meeting of shareholders of the American carmaker by the CEO of Elon Musk. According to him, the company will maintain production on the west coast of the United States.

The company is building a new headquarters in Austin. It is still based in the heart of Silicon Valley, in Palo Alto. At the time of the announcement, Musk pointed out, among other things, that in Texas, the living costs of employees are lower than in California.

“I am pleased to announce that we are relocating our headquarters to Austin,” Musk told Tesla’s Thursday general meeting, according to AFP Musk. .

Since the beginning of the covidu-19 pandemic, the businessman has been in disputes with the California authorities over coronavirus restrictions, which he considered too strict. He left Los Angeles himself last year and moved to Texas.

In addition to the Texas plant, Tesla is also building a factory near Berlin, which will be its first in Europe.

Source: České noviny – hlavní události by www.ceskenoviny.cz.

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