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.
Musk had previously threatened to pull Tesla’s entire operations out of California because he disagreed with the shelter-in-place orders the state leaned on early in the coronavirus pandemic. Tesla even sued the county that the company’s California factory is in. Musk moved to Texas last year, as SpaceX increased its presence there.
Tesla started building its next US Gigafactory outside Austin…