Elon Musk announces Tesla to move headquarters to Austin


What's the news?

Tesla CEO Elon Musk said the company would be moving its headquarters from Palo Alto, California to Austin, Texas, a city that has recently seen a flood of tech companies and remote workers. Musk announced the news at the 2021 Tesla, Inc. Annual Meeting of Stockholders, which took place at the Tesla Austin gigafactory, rather than in the Bay Area as it did in previous years.


More to know

The stockholders approved the recommendations of the Tesla board on almost all agenda items, including the ratification of the appointment of PricewaterhouseCoopers as Tesla’s independent registered public accounting firm for the fiscal year ending in December 31, 2021.

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