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Tesla has officially relocated its headquarters to Texas.

[ad_1] According to a Securities and Exchange Commission filing on Wednesday, Elon Musk’s electric car business Tesla has formally relocated its headquarters from Palo Alto, California, to Austin, Texas.

“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.

Elon Musk first announced the plans to move the company to Texas in October after a spat with California health officials over COVID-19 restrictions.
Elon Musk first disclosed the company’s plans to relocate to Texas in October, following a disagreement with California health officials about COVID-19 limits. 
Maja Hitij/Getty Images

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.

The Austin Gigafactory is about five minutes from the nearest airport and 15 minutes from the city’s downtown.
The Austin Gigafactory is approximately five minutes from the nearest airport and fifteen minutes from downtown Austin.
REUTERS/Brian Snyder

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.”

He then defied lockdown orders and ordered restarting production in California until officials agreed to reopen the company’s facilities with safety measures in place.

According to Elon Musk, Tesla will still have a plant in California, but the main HQ and production will now be in Texas.
According to Elon Musk, Tesla will still have a plant in California, but the main HQ and production will now be in Texas.
Patrick Pleul/picture alliance via Getty Images
At one point during a corporate earnings conference, Musk went on a profanity-laced diatribe, calling government limitations imposed during the pandemic “Nazi.”

“To be honest, this is the final straw,” Musk subsequently tweeted. “Tesla will immediately relocate its headquarters and future projects to Texas/Nevada.” If we keep Fremont production going at all, it will be determined by how Tesla is treated in the future.”

He then disregarded shutdown orders by ordering production to resume in California until regulators agreed to reopen the company’s facilities with safety precautions in place.

Texas officials have been using tax breaks to lure companies like Tesla into the state.

Texas officials have used tax benefits to entice corporations such as Tesla to relocate to the state.
TNS via ZUMA Wire
According to California officials, Elon Musk told no one that he was planning on moving headquarters to Austin shocking several employees.
According to California officials, Elon Musk told no one that he was planning on moving headquarters to Austin shocking several employees.
REUTERS/Mike Blake/File Photo
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About the author

Akanksha Jain

Akanksha Jain love to learn new stuff every day. With a background in computer science and a passion for writing, she loves writing for Startup, Business sections of Editorials99.

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