Friday, October 8th, 2021
Goodbye, Silicon Valley
Tesla moves headquarters to Texas
Last year, Tesla boss Musk threatened to move to the US state of Texas. Now the time has come: The company’s headquarters are relocated from Palo Alto, California, to Austin.
Tesla is officially relocating its headquarters from Silicon Valley to Texas. CEO Elon Musk announced the move at the electric car manufacturer’s general meeting. It has already been held at the new headquarters in the city of Austin, where Tesla is building a large new plant. Until now, the company was headquartered in the heart of Silicon Valley, in Palo Alto. When making the announcement, Musk pointed out, among other things, that the cost of living for employees in Texas was lower.
However, Musk had already threatened to move the company headquarters to Texas last year in the dispute over the closure of the main plant in Fremont near San Francisco. He was dissatisfied with the fact that the factory was temporarily shut down due to corona restrictions.
The Tesla activities in California are to be expanded, Musk now said. Among other things, the capacity in Fremont will be increased. In addition to the factory in Texas, Tesla is also building its first European plant in Grünheide near Berlin.