World News | Elon Musk Says Tesla Moving Headquarters from California to Texas
Get latest articles and stories on World at LatestLY. Tesla founder Elon Musk said that they are moving the company's headquarters from the US state of California to Texas because there is more space to expand operations and it has a more affordable cost of living.
Washington [US], October 8 (ANI): Tesla founder Elon Musk said that they are moving the company's headquarters from the US state of California to Texas because there is more space to expand operations and it has a more affordable cost of living.
"I'm excited to announce that we're moving our headquarters to Austin, Texas," Musk said on Thursday during a shareholder meeting, Washington Post reported.
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Musk, who is also the founder of SpaceX, conducts test launches of his prototype Starship rocket in the Texas city of Boca Chica, which he has dubbed Starbase.
He also said Tesla will continue to expand activities in California, according to Sputnik. (ANI)
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(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)