phalse phace writes: During Tesla’s shareholder meeting today, CEO Elon Musk announced that the company’s headquarters will be moving from California to Texas, making good on his threat to do so after Alameda County officials blocked the full reopening of Tesla’s Fremont plant. Regardless of the move, Musk reiterated that Tesla would be increasing production at its California plant: “To be clear we will be continuing to expand our activities in California. Our intention is to increase output from Fremont and Giga Nevada by 50%. If you go to our Fremont factory it’s jammed.” He further added, “It’s tough for people to afford houses, and people have to come in from far away…. There’s a limit to how big you can scale in the Bay Area.” The news comes almost a year after Musk revealed that he personally moved to Texas.

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Source: Slashdot – Tesla Moves Headquarters From California To Texas