Tesla is moving to the official state of Texas

Tesla Inc. said. Saying farewell to California and farewell to Texas, saying in a US Securities and Exchange Commission filing on Wednesday that the company’s headquarters is now located in the Gigafactory in Austin, Texas.

chief executive officer Elon MuskPublic health officials, who have clashed with Alameda County, California, announced the plan at Tesla’s annual shareholder meeting in October without giving a timeline. Tesla’s Austin plant, which will produce the next Model Y and e-truck, is nearing completion.

Musk said the dearth of affordable housing in the San Francisco Bay Area and long commute times were among the factors limiting Tesla’s ability to expand. but Tesla It will maintain a strong foothold in the region and build a new plant in the middle of the valley from Lathrop for Megapack, the utility-scale battery producer.

The billionaire moved to Texas in 2020 and spends most of his time near Brownsville, where SpaceX is building Starship, a next-generation rocket vehicle designed to take humans to the moon and Mars.

Musk is the world’s richest person, with an estimated fortune of $287 billion, according to the Bloomberg Billionaires Index. Unlike California, Texas is one of the few states that does not charge personal income taxes.

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