Austin: Elon Musk Announces Tesla is Moving its California Headquarters to Austin
Feature Photo: The Tesla logo, on a belt buckle, with the words “don’t mess was with” was a part of Musk’s slideshow when he announced the company’s relocation from Palo, Alto California to Austin. Image: Tesla YouTube
by Art Benavidez
Austin (Travis County) — Elon Musk announced last week that Tesla will be moving its headquarters to Austin from Palo Alto, California.
He announced the decision at the company’s annual shareholders meeting which was held in the company’s $1.1 billionAustin Cybertruck plant, which is still being developed.
“I am excited to announce that we will be moving our headquarters to Austin, Texas,” Musk said during the meeting.
The announcement was greeted by a round of applause by those in attendance.
Musk offered little details in announcing the company’s move from its base in Palo Alto, which includes research and development operation
Musk added that “this is not a matter of leaving California” and said the company’s Fremont auto assembly plant, along with the Nevada plant near Reno will each grow by 50%.
“We’re just hitting the sides of the bowl. If you go to our Fremont factory, it is jammed,” he said. “It’s like woah. When we first went in there, we were like a kid in his parent’s shoes. It was ridiculous. Tiny us and a giant factory and now were like spam in a can. How do we put in more stuff? And it’s hard for people to afford houses and to come in from far away. We’ve taken it as far as possible. There is a limit to how big you can scale in the Bay Area.
“Here in Austin our factory is like five minutes from the airport, 15 minutes from downtown and we are going to create an ecological paradise because we are right on the Colorado River. We’re continuing to expand in California significantly, but even more so here in Texas. ”
Musk made the announcement at the company’s Cybertruck facility in Austin. Image: Tesla YouTube.
According to CNBC, the state has been actively recruiting companies through its Texas Economic Development Act that offers tax breaks to put new facilities in the state with the Austin area a chief location for tech employers.
Art Benavidez (Construction News Reporter, Central Texas) is a seasoned journalist with over 15-years of experience in writing breaking news and in-depth features at the local level. He honed his research and reporting skills in newspapers and magazines throughout South and West Texas along with expertise in crafting digital content as Managing Editor of New Image Marketing Research Corporation. Benevidez is a Texas native and graduate of UT-RGV.