Tesla moving headquarters to Texas from California
Information about Tesla moving headquarters to Texas from California
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By Hyunjoo Jin
SAN FRANCISCO (Reuters) -Tesla Inc Chief Executive Elon Musk said on Thursday the electric carmaker plans to move its headquarters from Silicon Valley’s Palo Alto, California to Austin, Texas, where it is building a massive car and battery complex.
“I’m excited to announce that we’re moving our headquarters to Austin, Texas,” Musk told the company’s annual meeting, held in the Texas car factory.
“This is not a matter of, sort of, Tesla leaving California,” he said, saying it plans to increase output from its main California factory and Nevada factory by 50%.
The Fremont, California factory nonetheless is “jammed” and it is tough for people to afford houses in California, he said.
Billionaire Musk himself moved to …