Tesla has announced it will move its company headquarters to Texas from California.
Chief executive Elon Musk announced the move at the electric carmaker’s annual shareholders’ meeting in Austin.
Mr Musk had fallen out with local politicians in Alameda county, California, the location of a key Tesla factory, over its Covid response.
He gave several reasons for the move, telling shareholders its Californian factory in Fremont was “jammed”.
California was also a difficult place for his employees to find affordable housing, he told shareholders.
“There’s a limit to how big you can scale it in the Bay Area. In Austin our factory is like five minutes from the airport, 15 minutes from downtown,” he said.
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