Electric carmaker Tesla has announced that it will be moving the company’s corporate headquarters from Palo Alto, California to Austin, Texas.
Tesla CEO, Elon Musk made the surprise announcement during Tesla’s annual meeting of the company’s shareholders.
Musk stated: “I’m excited to announce we’re moving our headquarters to Austin, Texas,…We’re going to create an ecological paradise here around the Colorado River.”
In 2020 Musk threatened to move Tesla as the result of disagreements with California lawmakers because of COVID related restrictions that he had characterized as “fascist.”