News
Elon Musk announces Tesla is moving headquarters from California to Texas
The electric car company Tesla will move its headquarters out of Palo Alto, California to Austin, Texas, company CEO Elon Musk announced Thursday.
“I’m excited to announce we’re moving our headquarters to Austin, Texas,” Musk said during a shareholders meeting. “Just to be clear though, we will be continuing to expand our activities in California,” Musk added. “So this is not a matter of, sort of, Tesla leaving California.”
The company is still looking to increase output at its Fremont, California plant and a Nevada plant by 50 percent, the quirky billionaire said. But expansion opportunities are limited in the Golden State and the cost of living is an obstacle, he said. “It’s tough for people to afford houses and a lot of people have to come in from far away,” Musk said. “We’re taking it as far as possible but there’s a limit to how big you can scale it in the Bay Area.”
The Austin factory will be five minutes from the airport and 15 minutes from the city’s downtown, he said. Musk, also the leader of SpaceX, recently moved from California to Texas himself. His announcement of the HQ move comes a year after he first threatened to move Tesla to Texas or Nevada amid a fight with state health officials over COVID-19 restrictions. The company was told it couldn’t reopen its factory last year when the coronavirus shutdown measures were still in effect.
“Frankly this is the final straw,” Musk said on Twitter at the time. “Tesla will now move its HQ and future programs to Texas/Nevada immediately. If we even retain Fremont manufacturing activity at all, it will be dependent on how Tesla is treated in the future.” He then defied lockdown orders and ordered restarting production in California until officials agreed to reopen the company’s facilities with safety measures in place [New York Post].
-
Executive4 days ago
The Hunters Have Now Become The Hunted: Their Cruelties Are Swelling The Ranks Of The People Worldwide!
-
Clergy3 days ago
Why Do The American People Let The Corrupt Media & Politicians Set The Propaganda Narrative – Speak On Their Behalf
-
Constitution4 days ago
CHAPTER 9: Norman Dodd Interview Space Is No Longer the Final Frontier––Reality Is [upcoming release April 2024]
-
Entertainment Today3 days ago
Civil War (2024) – an incomplete prediction
-
Education3 days ago
CHAPTER 10: Objective Reality Is Required for a Free Society Space Is No Longer the Final Frontier—Reality Is [upcoming release May 2024]
-
Human Interest2 days ago
Idaho prepares to defend its abortion ban
-
Executive5 days ago
National Security Implications of Baltimore Bridge Catastrophe
-
Executive4 days ago
California Dems Tout Ties to Criminal Leniency Group