Tesla CEO Elon Musk says that the electric car company is moving its headquarters to Austin, Texas. It’s a move the company has said it could do previously and now it seems to be something that is actually going to happen.
The first signs of a move were from earlier in the COVID-19 pandemic when Musk became frustrated at Californian restrictions making it more difficult for Tesla to restart car production.
Not too long after, Tesla said that it was building a large plant and complex in Austin, Texas.
After Musk himself relocated to Texas it was only ever a matter of time before Tesla followed. Tesla’s 2021 shareholder’s meeting has now backed that up, with Musk confirming the move. He did, however, say that Tesla will continue to expand its presence in California.
“We are continuing to expand our presence in California, we are not leaving California, but we are hitting the sides of the bowl.”
In terms of reasoning, Musk didn’t mention the COVID-19 situation but instead said that Tesla “took it to as far as it could in the Bay Area.” The high costs associated with employees living in the area was also noted, something that Apple employees have complained about as well.
Musk also says that Tesla intends to grow Fremont factory production by as much as 50%.
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