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Friday, 08 October 2021 15:59

Tesla Formally Moving Headquarters to Austin, TX

Written by Maria Merano, Teslarati

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Tesla CEO Elon Musk announced Austin, TX, has formally become the site of the company’s main headquarters. The update was shared at the 2021 Shareholders Meeting.

“I’m excited to announce that we’ll be moving our headquarters to Austin, TX,” Musk said to much applause.

 

Texas’ new place in Tesla’s operations may not come as a surprise to those following the developments surrounding the company’s newest Gigafactory. Musk’s other companies have seemingly moved to Texas as well, including The Boring Company.

 

Musk listed a few milestones Giga Texas might hit in the near term. He estimated Giga Texas Model Y production could start by the end of this year and would probably reach volume production by the end of next year. Musk predicted Tesla would deliver a few Model Y vehicles from Giga Texas this year.

 

Even though Tesla is moving its headquarters to Texas, the company will still operate its factory in Fremont, CA, and Nevada. In fact, Tesla plans to increase the Fremont Factory and Giga Nevada’s capacity.

 

“Just to be clear, though, we will be continuing to expand our activities in California. This is not a matter of Tesla leaving California,” Musk clarified. “As I said, our intention is to actually increase output from Fremont and Giga Nevada by 50%.”

 

However, Tesla has reached a point where it’s become quite difficult to...


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