Elon Musk, the tech billionaire, has announced that Tesla will relocate its headquarters (HQ) from Palo Alto, California, to Austin, Texas, where it is constructing a plant.
Tesla will continue to operate its electric vehicle factory in Fremont, California, and will increase output by 50%.
“I’m excited to announce that we’re moving our headquarters [HQ] to Austin, Texas,” Musk said at an annual shareholders meeting on Thursday, reports Washington Post.
“Just to be clear, though, we will be continuing to expand our activities in California.”
Musk relocated to Texas last year as SpaceX expanded its presence in the country’s southernmost state.
Tesla began construction on its next US Gigafactory outside Austin in 2020, and a new video of the project shows the area is already becoming a bustling industrial area.
Jeff Roberts, an electric car enthusiast, uploaded a video to YouTube showing the factory’s progress since day one.
Tesla initially referred to the factory as the Cybertruck Gigafactory because the automaker intended to manufacture the electric pickup truck there.
However, Tesla originally intended to produce the Model Y at the factory, which was later renamed “Gigafactory Texas.”
Tesla also intends to establish battery cell production at the factory and turn it into a public “ecological paradise.”
Furthermore, the electric car manufacturer recently posted a Tesla Gigafactory Texas battery-related job opening on its Careers page. Automotive President Jerome Guillen shared the job posting on his official LinkedIn account.
Tesla moving HQ to Texas from California – reaction by Governor and Mayor
“We welcome @Tesla home! It’s a tech company that creates the clean-manufacturing, middle-skill jobs Austin needs. We’re one of the safest big cities, with a strong innovative, entrepreneurial, environmentally-focused culture,” Mayor of Austin said.
Texas Gov. Abbot welcomed the move:
The Lone Star State is the land of opportunity and innovation.
— Greg Abbott (@GregAbbott_TX) October 7, 2021