“Tesla, Inc. transferred its corporate headquarters to Gigafactory Texas at 13101 Harold Green Road, Austin, Texas 78725 on December 1, 2021,” according to the document.
Musk first announced Tesla’s plans to relocate to Texas in October, with the caveat that the business will continue to “grow our activities in California, so this is not a matter of Tesla sort of leaving California.”
According to the eccentric billionaire, the corporation is still trying to grow output at its Fremont, California factory and a Nevada unit by 50 percent.
However, he continued, expansion options in California are limited, and the expense of living is an impediment.
“It’s difficult for people to afford housing, and a lot of people have to come in from a long distance,” Musk explained. “We’re taking it as far as we can, but in the Bay Area, there’s a limit to how big you can scale it.”
On October 25, 2021, a view of the Tesla Gigafactory building site in Austin, Texas.
Musk, the world’s wealthiest man with a net worth of more than $310 billion, is likely to save significantly as a result of his move to Texas, which does not tax personal income.
California has among of the country’s highest personal income taxes.
The Austin Gigafactory is approximately five minutes from the nearest airport and fifteen minutes from downtown Austin.
Musk, also the CEO of SpaceX, relocated from California to Texas last year, signalling the beginning of a public separation with Silicon Valley.
The headquarters relocation comes a little more than a year after he originally threatened to relocate Tesla to Texas or Nevada in the midst of a battle with state health officials over COVID-19 limits.
When the coronavirus closure restrictions were still in effect last year, the firm was advised it couldn’t reopen its production.
Musk took to a corporate earnings call at one point to deliver a profanity-laden rant in which he called government restrictions amid the pandemic “fascist.”
“Frankly this is the final straw,” Musk later said on Twitter. “Tesla will now move its HQ and future programs to Texas/Nevada immediately. If we even retain Fremont manufacturing activity at all, it will be dependent on how Tesla is treated in the future.”