Tesla CEO Elon Musk announced during the annual shareholders meeting that his company will move its headquarters from Palo Alto, California to Austin, Texas.
“We are excited to announce that we are moving our headquarters to Austin, Texas,” he said during a live-streamed event on October 7 from an in-progress facility in the state.
However, he doesn’t intend to leave California entirely for the electric car maker.
“Just to be clear, though, we will continue to expand our activities in California,” he said. “So it’s not a matter of Tesla leaving California.”
He hinted at relocating his company’s headquarters in May, when he announced on Twitter that Tesla would move its “headquarters and future programs” to Texas or Nevada “immediately” in defiance of California’s coronavirus public health guidance and regulations. Will, he said, affected production at his Fremont facility.
“If we keep the Fremont construction activity going at all, it will [dependent] How is Tesla treated in the future,” he wrote at the time.
Mr Musk himself has relocated to Texas, where he has based his SpaceX operations and set up a Tesla factory. During Thursday’s event, he said he witnessed a blizzard in Texas in February that caused power outages to millions of homes.
Tesla’s Texas facilities will produce batteries to store the electricity generated from solar power, he said.
“I think mainly solar would be the main source of energy in general, and then you need to store that energy with stationary battery packs and then you need electric vehicles and electric airplanes and boats and what not. ,” he said on Thursday.
Her company’s entry into Texas follows a push among many businesses and advocates to leave the state to protest the passage of a restrictive anti-abortion law from Governor Greg Abbott that would ban abortion at six weeks of pregnancy . A federal judge struck down the law on October 6.
After the Governor signs the Bill into law, he told CNBC that “Elon had to move out of California, in part, because of the social policies in California.”
In response, Mr Musk wrote on Twitter that he believed “government should rarely impose its will on people, and while doing so, aspires to maximize their cumulative happiness.”
“That said, I would prefer to stay out of politics,” he said.
Credit: www.independent.co.uk /