JUST IN: Elon Musk Says Tesla HQ Is Moving from California to Texas

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Elon Musk announcd on Thursday that Tesla headquarteres is moving from Silicon Valley to Texas.

Musk made the announcement during Tesla’s shareholder meeting.

NEW: @elonmusk announced in a shareholder meeting: “I’m excited to announce we are moving our headquarters to Austin, Texas.” pic.twitter.com/QNdChR4rMg

— Tony Plohetski (@tplohetski) October 7, 2021

Tesla is not leaving California entirely. Per KXAN, Musk said, “This isn’t a matter of Tesla leaving California, our intention is to actually increase output.”

Last December Musk said he personally moved to Texas, explaining at the time, “If a team has been winning for too long, they do tend to get a little complacent, a little entitled and then they don’t win the championship anymore. California has been winning for too long.”