Fresno

Tesla moving headquarters from Palo Alto to Austin – Fresno, California

Fresno, California 2021-10-07 20:01:51 –

From San Francisco-Tesla CEO Elon Musk announced at a stakeholder meeting Thursday that he would relocate Palo Alto’s headquarters to Austin, Texas.

This was after Tesla announced last summer that Austin would be the site for the new Gigafactory.

Related: Oracle relocated its headquarters to Austin, Texas and joined other tech companies on its California escape

Musk said the Fremont plant would remain in the Bay Area and hope to increase production at the facility.

Last year, Oracle announced that it would relocate its headquarters to Texas, allowing employees to choose their office location and work remotely.

For the latest details on this developing story, check out ABC7 News.

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