Tesla moving headquarters from Palo Alto to Texas

Electric car maker Tesla will move its headquarters out of Palo Alto and out of California, CEO Elon Musk said Thursday.

“We’re moving our headquarters to Austin, Texas,“ Musk said, to cheers and loud applause, during the electric car maker’s annual shareholders meeting at its under-construction new auto factory outside Austin.

Musk was quick to follow up with assurances that Tesla is not abandoning California or its car factory in Fremont. “We will be continuing to expand our activities in California,” Musk said.

Tesla plans on “expanding in Fremont” and boosting production there by 50%, Musk said.

“If you go to our Fremont factory, it is jammed,” said Musk,

→ Continue reading at Mercury News

More from author

Related posts

Advertisment

Latest posts

Ransomware attack on Planned Parenthood exposes 400,000 patients' personal data

The unidentified perpetrator stole documents from the Planned Parenthood affiliate that contained sensitive data on some patients such as their insurance information, their diagnosis,...

Improving Employee Collaboration in the Post-Pandemic Workplace

Opinions expressed by Entrepreneur contributors are their own. When I founded Netskope nine years ago, I decided that no matter how much...

How to participate in Shark Tank México, step by step guide

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process. Do you think you...