On October 7th, during Tesla's annual shareholder meeting, company founder Elon Musk announced that he would be moving Tesla's headquarters from Palo Alto, California, to Austin, Texas. Reasons included a lack of space needed for the expansion of Tesla's Fremont factory and the high cost of living in the Bay area. Musk's decision makes his the latest in a line of companies leaving California for Texas, a list that includes Oracle Corp., Hewlett Packard Enterprise Co., and Charles Schwab. The Texas Economic Development and Tourism Office stated there has been a "tremendous increase" in interest. Since the pandemic began, the Office claims there are 37 relocation and expansion projects currently underway. Texas has made a significant effort to attract businesses from other states, using low taxes and minimal regulations as bait. Texas officials have promoted these “advantages” in ads highlighting their “free-market” environment and criticizing the "tax and
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