Elon Musk announces Tesla is moving headquarters to Austin

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Elon Musk announces to shareholders that Tesla headquarters will be relocated to Austin, Texas. (October 7, 2021)

Big news from Tesla’s annual general meeting on Thursday is that the company is moving its headquarters from California to Texas.

CEO Elon Musk told shareholders, “I am pleased to announce that we are moving our headquarters to Austin, Texas.” Musk made the announcement to thunderous applause.

The new Gigafactory in Del Valle, which is right on the outskirts of Austin, will replace the headquarters of the previous electric car company in Palo Alto. Musk did not provide a schedule for the move.

They say everything is bigger in Texas and that might be the case for Tesla’s manufacturing. But that won’t be quite the farewell to the Golden State.

Musk, a multibillionaire who not long ago overtook Bill Gates as the second richest person in the world, said, “It’s not about Tesla leaving California. Our goal is to increase production in Fremont and Nevada by 50%. . “

This move may come as no surprise given that Musk had become critical of California, especially during the pandemic. He had already moved to the Lone Star State in 2020.

He defied local health officials when he resumed production at his Fremont facility early during the COVID on-site protection regulation. Tesla’s Model S and Model X are built at the Fremont plant.

He then filed a lawsuit against Alameda County, which was later dropped after district officials appeased Musk’s claims.

The Bay Area Council, a well-known business association, responded in a statement with good wishes for Tesla. They wish Tesla returns one day.

Everyone seems to have an opinion on Musk, his lifestyle, and any news about his SpaceX rocket company, but he certainly has a way to differentiate himself. The car brand has presented a new logo for the occasion: a seal with the Tesla logo and the words “Don’t mess with …” underneath; clearly a play on the phrase ‘don’t mess with Texas’.

SEE ALSO: Traumatized by his time at Tesla, the ex-worker with $ 137 million now drives a bus for AC Transit

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