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.”
The move means Tesla’s home will no longer be the state where its vehicles are the most popular; instead, Tesla will be headquartered in a state where it can’t legally sell its cars directly to...
from The Verge - All Posts https://ift.tt/3lmRlIS
via IFTTT
EmoticonEmoticon