Elon Musk’s company Tesla is moving its headquarters from California to Texas

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American entrepreneur Elon Musk announced on Thursday that the headquarters of his electric vehicle company Tesla, currently based in Palo Alto, California, would be moved to Texas, where the group is building a new factory.

Elon Musk moves the management of his company from California to Texas. The wealthy American businessman announced Thursday, October 7, that the headquarters of the electric car manufacturer Tesla would leave Palo Alto for the city of Austin.

The whimsical entrepreneur, who has repeatedly clashed since the start of the pandemic with the Californian authorities over health rules he considered too strict, himself personally left Los Angeles in 2020 for Texas.

“I am pleased to announce that we will be moving our headquarters to Austin,” he said at Tesla’s annual general meeting of shareholders. That doesn’t mean Tesla is leaving the West Coast altogether, Elon Musk added right away. “To be clear, we will continue to expand our operations in California,” including increasing production at the Fremont plant, he said.

But, also noted the entrepreneur, “you can’t expand ad infinitum in the San Francisco Bay”, where the density is high, the cost of living high and traffic often difficult. While in Austin, the factory is located “five minutes from the airport and fifteen minutes from downtown”.

Elon Musk had justified his personal move last year by the need to be as close as possible to the two projects which then occupied most of his time: the development of rockets by his space company SpaceX in the south of the State and the construction of an automobile factory by Tesla near Austin.

By announcing Thursday the installation of Tesla in Texas, Elon Musk takes the opposite view of several large American companies, which recently publicly criticized this State following the adoption of a particularly restrictive law on abortion. . The IT giant Salesforce, for example, has offered help to employees who wish to leave Texas.

With AFP


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