Electric carmaker Tesla is to move its headquarters from California to Texas, chief executive Elon Musk has said
At the meeting, he showed off a slide of a cowboy-style belt buckle emblazoned with"Don't Mess With T" - the T in the style of the Tesla logo.While welcoming Tesla's announcement that it will expand production in Fremont, business leaders highlighted the headquarters move as the latest sign of the region's ongoing issues.
Jim Wunderman, president and chief executive of the Bay Area Council business group, said:"Mr Musk's announcement highlights yet again the urgency for California to address our housing affordability crisis and the many other challenges that make it so difficult for companies to grow here." Last year, tech giant Oracle decided to move its headquarters from Silicon Valley to Austin, pointing out the move would give its employees more flexibility about where and how they work.At the AGM, Mr Musk also pointed to the company's record vehicle deliveries this year, while noting that global supply-chain disruptions that have led toHe said:"It looks like we have a good chance of maintaining that into the future. Basically, if we get the chips, we can do it.
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