Tesla is moving its headquarters to Austin, Texas
Tesla CEO Elon Musk said Thursday that the company is moving its headquarters from Silicon Valley to Austin, Texas, where it has been building a new factory for a little more than a year.
Musk said Tesla will continue to operate its electric vehicle factory in Fremont, CA, and that he even plans to try and increase production there by 50 percent. “Just to be clear, though, we will be continuing to expand our activities in California,” he said during the company’s annual shareholder meeting. “So this is not a matter of Tesla leaving California.”
Musk had previously threatened to pull Tesla’s entire operations out of California because he disagreed with the shelter-in-place orders the…