Tesla is moving its headquarters from California to Austin, Texas, Elon Musk said at the 2021 annual meeting of stockholders held virtually in the new Austin Gigafactory. “I’m excited to announce that we’re moving our headquarters to Austin, Texas,” Tesla’s chief executive said. Tesla is the latest major company moving headquarters out of California, which has high taxes and high living costs, to Texas, which has less overbearing regulations and cheaper labor costs.
Musk himself moved to Texas from California in December…Tesla Moves Its HQ To The Lone Star State
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