One of the biggest economic development announcements in Austin history came with little fanfare and almost no warning. Speaking to shareholders Thursday, Tesla CEO Elon Musk mentioned almost casually that the electric automaker — one of the world's best-known and most valuable companies — has decided to move its corporate headquarters from California to Austin. The stunning move — which came as a surprise to many local and state officials — continues Austin's ascent as a technology hub and adds to Tesla's swiftly growing presence in the region, as the company is building a $1.1 billion manufacturing facility in southeastern Travis County.

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