Share this Story: Tesla moving headquarters to Texas from CaliforniaTesla moving headquarters to Texas from CaliforniaArticle content SAN FRANCISCO — 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. Try refreshing your browser, or Tesla moving headquarters to Texas from California Back to video “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%. Article content The Fremont, California factory nonetheless is “jammed” and it is tough for people to afford houses in California, he said. Musk had a rocky relationship at times with California, threatening to move Tesla headquarters and future programs to Texas during a row over the closure of Tesla’s factory in Fremont, California due to COVID-19, for instance.

Source: National Post October 07, 2021 23:48 UTC