<p>Tesla Inc Chief Executive Elon Musk said on Thursday the electric carmaker plans to move its headquarters from Silicon Valley's Palo Alto, California to Austin, Texas, where it is building a massive car and battery complex.</p>.<p>"I'm excited to announce that we're moving our headquarters to Austin, Texas," Musk told the company's annual meeting, held in the Texas car factory.</p>.<p>"This is not a matter of, sort of, Tesla leaving California," he said, saying it plans to increase output from its main California factory and Nevada factory by 50%.</p>.<p>The Fremont, California factory nonetheless is "jammed" and it is tough for people to afford houses in California, he said.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/international/world-news-politics/us-jury-orders-tesla-to-pay-ex-employee-137-million-over-racism-1037819.html" target="_blank">US jury orders Tesla to pay ex-employee $137 million over racism</a></strong></p>.<p>Billionaire Musk himself moved to the Lone Star State from California in December to focus on the electric-car maker’s new plant in the state and his SpaceX rocket company, which has a launch site in the southern tip of Texas.</p>.<p>Musk had a rocky relationship at times with California, threatening to move Tesla headquarters and future programs to Texas during a row over the closure of Tesla’s factory in Fremont, California due to Covid-19, for instance.</p>.<p>At the meeting he showed off a design of what looked like a cowboy-style belt buckle emblazoned with "Don't Mess With T" — the T in the style of the Tesla logo. The phrase is based on a venerable and popular Texas anti-littering campaign — Don't Mess with Texas.</p>.<p>Despite some criticism from activist shareholders and a proxy advisory service, shareholders followed board guidance on several key proposals. Shareholders re-elected Kimbal Musk, Elon's brother, and James Murdoch as board directors.</p>.<p>Advisory firm Institutional Shareholder Services (ISS) had recommended that Tesla investors not re-elect the two directors because of concerns about excessive compensation packages to non-executive board members.</p>.<p>Shareholders also voted against a stockholder proposal asking for a study into the impact of Tesla's use of arbitration on workplace harassment and discrimination.</p>.<p>The proposal, opposed by the board, was thrown into the spotlight after a Black former contract worker on Monday won a $137 million jury award against Tesla over workplace racism.</p>.<p><strong>Check out latest DH videos here</strong></p>
<p>Tesla Inc Chief Executive Elon Musk said on Thursday the electric carmaker plans to move its headquarters from Silicon Valley's Palo Alto, California to Austin, Texas, where it is building a massive car and battery complex.</p>.<p>"I'm excited to announce that we're moving our headquarters to Austin, Texas," Musk told the company's annual meeting, held in the Texas car factory.</p>.<p>"This is not a matter of, sort of, Tesla leaving California," he said, saying it plans to increase output from its main California factory and Nevada factory by 50%.</p>.<p>The Fremont, California factory nonetheless is "jammed" and it is tough for people to afford houses in California, he said.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/international/world-news-politics/us-jury-orders-tesla-to-pay-ex-employee-137-million-over-racism-1037819.html" target="_blank">US jury orders Tesla to pay ex-employee $137 million over racism</a></strong></p>.<p>Billionaire Musk himself moved to the Lone Star State from California in December to focus on the electric-car maker’s new plant in the state and his SpaceX rocket company, which has a launch site in the southern tip of Texas.</p>.<p>Musk had a rocky relationship at times with California, threatening to move Tesla headquarters and future programs to Texas during a row over the closure of Tesla’s factory in Fremont, California due to Covid-19, for instance.</p>.<p>At the meeting he showed off a design of what looked like a cowboy-style belt buckle emblazoned with "Don't Mess With T" — the T in the style of the Tesla logo. The phrase is based on a venerable and popular Texas anti-littering campaign — Don't Mess with Texas.</p>.<p>Despite some criticism from activist shareholders and a proxy advisory service, shareholders followed board guidance on several key proposals. Shareholders re-elected Kimbal Musk, Elon's brother, and James Murdoch as board directors.</p>.<p>Advisory firm Institutional Shareholder Services (ISS) had recommended that Tesla investors not re-elect the two directors because of concerns about excessive compensation packages to non-executive board members.</p>.<p>Shareholders also voted against a stockholder proposal asking for a study into the impact of Tesla's use of arbitration on workplace harassment and discrimination.</p>.<p>The proposal, opposed by the board, was thrown into the spotlight after a Black former contract worker on Monday won a $137 million jury award against Tesla over workplace racism.</p>.<p><strong>Check out latest DH videos here</strong></p>