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Elon Musk: Tesla to move HQ to Texas

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Tesla CEO Elon Musk announced the electric vehicle maker would move its headquarters to Texas.

"There's a limit to how big you can scale it in the Bay Area. In Austin, our factory is like 5 minutes from the airport, 15 minutes from downtown," he said.

Musk previously threatened the move away from California but did not make it official until now.

Read more from BBC News.

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