SAN FRANCISCO (Reuters) – Tesla Inc Chief Executive Elon Musk said on Thursday that the electric carmaker plans to move its headquarter from Palo Alto, California, to Austin, Texas.

Musk spoke at Tesla’s annual shareholders’ meeting at its car and battery factory complex in Austin, which is under construction.

(Reporting by Hyunjoo Jin, Subrat Patnaik and Bhanvi Satija; Editing by Leslie Adler)

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