42 seconds ago
Fri 08th October 2021 | 04:00 AM
WASHINGTON (UrduPoint News / Sputnik – 08th October, 2021) Tesla founder Elon Musk said 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.
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.
Musk also said Tesla will continue to expand activities in California.