Tesla Headquarters Will Be Relocated From California To Texas: Elon Musk

Elon Musk, CEO of Tesla, said on October 7 that the electric automaker wants to relocate its headquarters from Palo Alto, California, to Austin, Texas, where it is constructing a huge vehicle and battery production facility. The plant in Fremont, California is "jammed," and is difficult for people to buy homes in California, Musk stated. It intends to broaden production by 50% at its main California and Nevada factories.