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  • Tesla moves headquarters from California to Texas

    10/07/2021 3:35:14 PM PDT · by American Number 181269513 · 31 replies
    CNBC ^ | OCT 7 2021 | Lora Kolodny
    Tesla is moving its headquarters from Palo Alto, California, to Austin, Texas, CEO Elon Musk announced at the company’s shareholder meeting on Thursday. The meeting took place at Tesla’s vehicle assembly plant under construction outside of Austin on a property that borders the Colorado River, near the city’s airport. However, the company plans to increase production in its California plant regardless of the headquarters move. “To be clear we will be continuing to expand our activities in California,” Musk said. “Our intention is to increase output from Fremont and Giga Nevada by 50%. If you go to our Fremont factory...