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

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