Elon Musk says Tesla will move HQ from California to Texas

Tesla says it will relocate its headquarters from Palo Alto, California, to Austin, Texas, though the electric car maker will keep expanding its manufacturing capacity in the Golden State.

CEO Elon Musk gave no timeline for the move late Thursday when he addressed the company's shareholders at Tesla's annual meeting.

Musk noted that cost of housing in the Bay Area has made it tough for many people to become homeowners and that translates into long commutes. Last year, tech giant Oracle Corp. decided to move its headquarters from Silicon Valley to Austin, saying the move would give its employees more flexibility about where and how they work.

Join your host Sean Reynolds, owner of Summit Properties NW, and Reynolds & Kline Appraisal as he takes a look at this developing topic.

https://fortworthbusiness.com/business/tesla-will-move-hq-from-california-to-texas/

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