| Credit: Getty; Inset: Phillip Faraone/Getty
Just as Tesla recently announced a new factory in Texas, software giant Oracle is ditching California for the Lone Star State only unlike Tesla CEO Elon Musk, Oracle’s cofounder will not be joining in the move.
Oracle announced last week that its corporate headquarters would move from Redwood City, California to Austin, Texas, just days after Musk confirmed that he had recently moved to Texas as well. Get push notifications with news, features and more. + Follow
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“We believe these moves best position Oracle for growth and provide our personnel with more flexibility about where and how they work,” an Oracle spokesperson told CNBC.