Tesla moving headquarters to Texas from California

13 Sept 09:01 Key points summarised by AI

Tesla officially announced its headquarters relocation from Palo Alto, California, to Austin, Texas, where it is establishing a massive car and battery manufacturing complex.
The move aligns with a broader trend of companies, including Oracle and HP, shifting from California to Texas, citing California's high taxes and living costs versus Texas's cheaper labor and less stringent regulations.
CEO Elon Musk clarified that Tesla is not entirely abandoning California, planning to increase output from its existing California and Nevada factories, but acknowledged the Fremont factory's congestion and California's unaffordable housing.
During the annual meeting, shareholders approved reducing director terms from three years to one and mandated additional reporting on diversity and inclusion efforts, though they re-elected two controversial board members.

Sihasak urges Thais in Europe to stay alert as protests spread

Yesterday 12:06 Key points summarised by AI

Thai Foreign Minister Sihasak Phuangketkeow advises Thai nationals in Europe to avoid protest areas and reconsider non-essential travel, citing widespread unrest in countries like France, Italy, and Spain.
The warning comes as demonstrations escalate, with some turning violent, prompting concerns for safety and leading to an emergency Cabinet meeting in Italy and a proposed postponement of diplomatic talks.
Thai embassies and the Department of Consular Affairs issue advisories, urging citizens to monitor local developments, follow official announcements, and register their travel details for assistance, while emphasizing that no Thais have been directly affected yet.