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Tesla will move its headquarters to Texas, Elon Musk says

“I’m excited to announce that we’re moving our headquarters to Austin, Texas,” CEO Elon Musk said Thursday during a Tesla shareholders meeting.The electric car company is currently based in Palo Alto, California, near its original headquarters in San Carlos, and its first factory, in Fremont. Musk said Thursday that there is a “limit to how big you can scale in the Bay area.”He cited housing affordability and the long commutes it can create as hurdles for its current location, and said the…


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