Meta Platforms is in discussions about moving its incorporation from Delaware to Texas or other states, the Wall Street Journal reported on Friday, citing people familiar with the matter.
The company has talked to Texas officials about the potential move, which would not impact its headquarters in California.
Tesla’s fourth-quarter adjusted profits rose slightly amid a big push to sell its electric vehicles with offers of zero financing and other incentives, but the results still fell short of Wall Street forecasts.
In another move to bolster investor confidence, Musk also revealed that Tesla is intent on producing more "affordable" vehicles, which are tipped to be based on (and look eerily similar to) the Model 3 and Model Y, but cost in the region of $30,000 to $40,000 (roughly £28,000 / AU$55,000). Not the $25,000 car that was rumored last year.
Tesla’s driver assistance software, known as full self-driving, or FSD, will see unsupervised tests in Texas, California and other states this year.
Tesla will launch an “unsupervised, no one in the car” robotaxi service in Austin, Texas, in June, Elon Musk said in an earnings call Wednesday. “We just want to put a toe in the water, make sure everything’s okay, put a few more toes in the water, with safety of the general public and those in the car as a top priority,” Musk said.
Elon Musk said today that Tesla will launch “unsupervised full self-driving in Austin as a paid service” in June.
Musk stated that the company already operates thousands of autonomous vehicles daily at its Fremont factory and hopes to roll out the robotaxi service commercially within
Tesla's robotaxis will be available for paid trips and operate without someone behind the wheel in existing Tesla models.
Social media giant Meta is considering following in the footsteps of Tesla and SpaceX and reincorporating in Texas, according to the Wall Street Journal.
Tesla introduces automated vacuum cleaner for robotaxis, as Elon Musk confirms the service will launch this summer.