Elon Musk announces Tesla to move headquarters to Austin
Tesla CEO Elon Musk said the company would be moving its headquarters from Palo Alto, California to Austin, Texas, a city that has recently seen a flood of tech companies and remote workers. Musk announced the news at the 2021 Tesla, Inc. Annual Meeting of Stockholders, which took place at the Tesla Austin gigafactory, rather than in the Bay Area as it did in previous years.
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The stockholders approved the recommendations of the Tesla board on almost all agenda items, including the ratification of the appointment of PricewaterhouseCoopers as Tesla’s independent registered public accounting firm for the fiscal year ending in December 31, 2021.
Tesla will continue to operate its electric vehicle factory in Fremont, California, and increase production there by 50 per cent. “I’m excited to announce that we’re moving our headquarters to Austin, Texas,” Musk said at an annual shareholders meeting recently.
Elon Musk’s electric car company Tesla has officially moved its headquarters from Palo Alto, California, to Austin, Texas.
According to a New York Post report, the electric vehicle company filed an 8-K form with the US Securities and Exchange Commission to relocate its corporate headquarters to the site of its Gigafactory at 13101 Harold Green Road in Austin.
“On December 1, 2021, Tesla, Inc. relocated its corporate headquarters to Gigafactory Texas at 13101 Harold Green Road, Austin, Texas 78725,” the filing says.
Tesla will continue to operate its electric vehicle factory in Fremont, California, and increase production there by 50 per cent.
“I’m excited to announce that we’re moving our headquarters to Austin, Texas,” Musk said at an annual shareholders meeting recently.
“Just to be clear, though, we will be continuing to expand our activities in California.“
Musk himself moved to Texas last year, as SpaceX increased its presence in the southern tip of the country.
Tesla started building its next US Gigafactory outside Austin in 2020 and a new video of the project shows the place is already turning into a busy industrial area.
A video uploaded on YouTube by electric car enthusiast Jeff Roberts showed the progress of the factory, recorded from day one.
Initially, Tesla referred to the factory as the Cybertruck Gigafactory because the automaker planned to produce the electric pickup truck there.
However, Tesla first planned to produce the Model Y at the factory, and the company later renamed it “Gigafactory Texas”.
Tesla also plans to establish battery cell production at the factory and make it an “ecological paradise” open to the public.
In addition, a Tesla Gigafactory Texas battery-related job opening was recently posted by the electric car maker in its Careers page. The job listing was shared by Automotive President Jerome Guillen via his official LinkedIn account.
Tesla CEO Elon Musk said the company would be moving its headquarters from Palo Alto, California to Austin, Texas, a city that has recently seen a flood of tech companies and remote workers. Musk announced the news at the 2021 Tesla, Inc. Annual Meeting of Stockholders, which took place at the Tesla Austin gigafactory, rather than in the Bay Area as it did in previous years.
Musk also said Tesla would be continuing to expand activities in California, increasing its output at its Fremont gigafactory by 50%, although he didn’t elaborate on how he would achieve such a ramp up in production. The factory is currently able to produce about 500,000 Model 3 and Model Ys per year and another 100,000 Model S and Model X per year.
Last May, Tesla filed a lawsuit against Alameda County over the shuttering of the company’s manufacturing facility in Fremont, California to stop the spread of COVID and restrict any businesses not deemed essential and threatened to take his business outside the state. The automaker dropped the lawsuit just a couple weeks later, but Musk was certainly fired up, tweeting: “Frankly, this is the final straw. 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. Tesla is the last carmaker left in CA.”
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