Tesla moving headquarters to Texas from California
By Hyunjoo Jin
SAN FRANCISCO (Reuters) -Tesla Inc Chief Executive Elon Musk talked about on Thursday {the electrical} carmaker plans to switch its headquarters from Silicon Valley’s Palo Alto, California to Austin, Texas, the place it is establishing an unlimited automotive and battery superior.
“I’m excited to announce that we’re moving our headquarters to Austin, Texas,” Musk suggested the company’s annual meeting, held inside the Texas automotive manufacturing unit.
“This won’t be a matter of, type of, Tesla leaving California,” he talked about, saying it plans to enhance output from its predominant California manufacturing unit and Nevada manufacturing unit by 50%.
The Fremont, California manufacturing unit nonetheless is “jammed” and it is highly effective for people to afford properties in California, he talked about.
Billionaire Musk himself moved to …