Elon Musk’s company Tesla moves its headquarters from California to Texas

Published on: 10/08/2021 – 11:33 AM

American businessman Elon Musk announced Thursday that the headquarters of his electric vehicle company Tesla, currently based in Palo Alto, California, will move to Texas, where the group is building a new plant.

Elon Musk moves the management of his company from California to Texas. The wealthy American businessman announced on Thursday, October 7, that the headquarters of the electric car manufacturer Tesla would leave Palo Alto for the city of Austin.

The capricious businessman, who has repeatedly clashed with California authorities since the start of the pandemic over health regulations he considered too strict, personally left Los Angeles in 2020 for Texas.

“I am pleased to announce that we will move our headquarters to Austin,” he said at Tesla’s annual general shareholders meeting. That doesn’t mean Tesla is leaving the West Coast entirely, Elon Musk added right away. “To be clear, we will continue to expand our activities in California,” including increased production at the Fremont plant, he said.

But, the businessman also remarked, “it cannot be expanded to infinity in the San Francisco Bay,” where density is important, the high cost of living and circulation is often difficult. While in Austin, the plant is located “five minutes from the airport and fifteen minutes from downtown.”

Elon Musk justified his personal move last year by the need to be as close as possible to the two projects that then occupied most of his time: the development of rockets by his space company SpaceX in the south of the state and the construction of A car. Tesla plant near Austin.

In announcing the installation of Tesla in Texas on Thursday, Elon Musk takes a slightly opposite view of several large American companies, which recently publicly criticized the state after the adoption of a particularly restrictive law on abortion. IT giant Salesforce, for example, offered its help to employees who wanted to leave Texas.

With AFP


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