Tesla moves its headquarters from California to Texas

by Hyunjoo Jin and Subrat Patnaik

SAN FRANCISCO (Reuters) – Tesla Chief Executive Elon Musk said Thursday that the electric car maker would move its headquarters from Palo Alto, California, to Austin, Texas, where the group is building a new car and service site. manufacture of batteries.

Tesla is following in the footsteps of Oracle, Hewlett Packard and Toyota, who have also decided to move their headquarters to the state of Texas, known for its cheaper labor and less stringent regulations.

“I am pleased to announce that we will be relocating our headquarters to Austin, Texas,” Elon Musk said at Tesla’s general meeting, held at its Texas plant.

The businessman himself moved from California to Texas in December to focus on the development of his “gigafactory” in Texas and his rocket company SpaceX, which has a launch site in the south of the state.

(Report Hyunjoo Jin, Subrat Patnaik and Bhanvi Satija; French version Anait Miridzhanian, edited by Blandine Hénault)

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