Technology

Tesla to move Palo Alto headquarters to Austin

In this Aug. 24, 2018, file photo a Tesla Model S is plugged in at a vehicle Supercharging station in Seabrook, N.H. (AP)

SAN FRANCISCO (KGO) -- Tesla CEO Elon Musk announced during a stakeholder's meeting on Thursday that the company would be moving its Palo Alto headquarters to Austin, Texas.

This comes after Tesla announced last summer Austin would be the site of its new gigafactory.

RELATED: Oracle moving headquarters to Austin, Texas, joining other tech companies in California exodus

Last year, Oracle announced it would be moving its headquarters Texas and allow its employees to choose their office location or work remotely.

Stay with ABC7 News for the latest details on this developing story.
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