Tesla will relocate its headquarters from Palo Alto, California to Austin, Texas due to the cost of homes in the Bay Area and the long commutes for employees, according to a recent update from CEO Elon Musk. He still plans to expand in California, however. “Just to be clear, though, we will be continuing to expand our activities in California. This is not a matter of leaving California,” he said. There is no word on when the relocation will take place. (Source: Autoblog) Read the original story…
