By CBSLA Staff

LOS ANGELES (CBSLA) – At Tesla’s annual shareholder meeting Thursday, Elon Musk announced that the company’s headquarters is moving to Austin, Texas, where it is building a new factory, the New York Times reported.

(Photo by Justin Sullivan/Getty Images)

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Musk made it clear last year that he was frustrated with pandemic-related closures and protocols that forced Tesla to pause production in Fremont, California.

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Tesla’s Austin-area factory, which will manufacture the Cybertruck, is near the Lone Star City’s center, as well as its airport.

Musk’s other company, SpaceX, also launches rockets from Texas.

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