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Elon Musk Says Tesla Will Move Its Headquarters to Austin, Texas

  • Billionaire clashed with officials over last year’s shutdown
  • CEO offers assurances to state Tesla called home for 18 years
Bloomberg business news
Musk Addresses Chip Shortage, Tesla Vehicle Roadmap
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Tesla Inc. will move its headquarters to Austin, Texas, following through on a threat Elon Musk made last year when tensions between the billionaire and California boiled over months into the pandemic.

The chief executive officer announced the plan Thursday during Tesla’s annual shareholder meeting at the company’s new factory in Austin. The dearth of affordable housing and long commute times are among factors limiting how much the company can expand in the San Francisco Bay area it’s called home for 18 years, he said.