WEBVTT

1
00:00:02.540 --> 00:00:06.410
Yeah, Tesla Ceo Elon Musk announced thursday that the

2
00:00:06.410 --> 00:00:10.470
company will relocate its headquarters. The Austin facility will

3
00:00:10.470 --> 00:00:14.029
be approximately five minutes from the airport and 15 minutes

4
00:00:14.029 --> 00:00:17.030
from the downtown area, Musk said, Musk said

5
00:00:17.039 --> 00:00:19.699
at the annual shareholder meeting that there is a quote

6
00:00:19.699 --> 00:00:22.120
limit to how big you can scale in the Bay

7
00:00:22.120 --> 00:00:26.050
Area, noting that affordable housing and commute times played

8
00:00:26.050 --> 00:00:28.789
a role in the decision. But musk added that

9
00:00:28.789 --> 00:00:31.559
the company is not leaving the Golden State altogether.

10
00:00:35.140 --> 
Yeah.