Tesla CEO Elon Musk says the electric car maker will relocate its headquarters from Palo Alto, California, to Austin, Texas, though there's no timeline for the move.
, gave no timeline for the move when he addressed shareholders at Tesla’s annual meeting.
Musk stressed he plans to expand the company’s factory in Fremont, California, where Tesla’s Models S, X, Y and 3 vehicles are built, in hopes of increasing its output by 50%.
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