Tesla HQ Officially Moves To Texas

Tesla It is now a Texas corporation, according to papers filed with the Securities and Exchange Commission on Wednesday.

Elon Musk and Tesla are now officially located in Austin.

Elon Musk and Tesla are now officially located in Austin. (Associated Press/Matt Rourke | iStock)

The 8-K model automaker announced that its Company Headquarters It is now located in the Gigafactory in Austin.

Elon Musk announced plans to move the headquarters from California during a shareholder meeting in October, after a year of wrangling with the state government over COVID rules and a tweet from a California state assemblyman. Lorena Gonzalez who said “FK Elon Musk,”

Elon Musk

Tesla is now headquartered at the Gigafactory in Austin. (Reuters/Michel Tantossi/File Photo)

Musk also said that the company has reached the limits of expansion at its original plant in Fremont, California, and that the Texas expansion facility offers more opportunities for growth.

tape protection the last they change they change %
TSLA Tesla, INC. 1,095.00 -49.76 -4.35%

“It’s hard for people to afford homes, and a lot of people have to come from far away,” Musk added of Fremont. “We’ve taken it as far as possible but … there is a limit to how extensive you can be in the Bay Area.”

Tesla facility Fremont, California

Tesla’s Fremont, California facility has expanded to its limits and includes a production line inside a spring-loaded chassis that many call the Tesla Tent. (Sam Hall/Bloomberg via Getty Images)

Toyota, from which Tesla originally bought its Fremont plant, moved its headquarters from California to Plano, Texas, in 2017.

Get your FOX business on the go by clicking here

Musk himself became a resident of Austin last December. In November, he commented on a proposal to increase police spending after the homicide spike that followed a $150 million cut in 2020.

“Austin should be her city, not a San Francisco imitated, “Hu chirp.

Audrey Conklin and Jessica Chasmar of FOX Business contributed to this report

Write a Comment