Tesla says it will relocate its headquarters from Palo Alto, California, to Austin, Texas, though the electric car maker will keep expanding its manufacturing capacity in the Golden State. Photo / APTesla says it will relocate its headquarters from Palo Alto, California, to Austin, Texas, though the electric car maker will keep expanding its manufacturing capacity in the Golden State. CEO Elon Musk gave no timeline for the move late Thursday when he addressed the company's shareholders at Tesla's annual meeting. The announcement drew cheers and applause from a small audience at Tesla's manufacturing plant in Austin, where Musk delivered his remarks, which were webcast live. The company's sales from July through September beat Wall Street estimates of 227,000 sales worldwide, according to data provider FactSet.

Source: New Zealand Herald October 08, 2021 00:45 UTC