Stefan Mileschin

Turns out Tesla isn't just building a factory in Austin, Texas — it's also moving its headquarters to the city from California. Elon Musk has announced the move at the company's most recent annual shareholder meeting, where he also clarified that Tesla still plans to expand production at its California plant by 50 percent. He explained, however, that there's "a limit to how big you can scale in the Bay Area," because house prices are sky high, which means long commutes for workers who have to live elsewhere.

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