CEO confirms move in shareholder meeting after clashes with California officials over pandemic restrictions
Elon Musk has announced that Tesla will move its headquarters from California to Texas, following through on a threat he had hinted at for several months.
The company has been building a new plant in Austin and the CEO confirmed the move in a shareholder meeting on Thursday. He gave no timeline, however, and said the electric car maker will keep expanding its manufacturing capacity in the Golden State.