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Tesla is moving its headquarters from Palo Alto in California to Austin, Texas.
The move was confirmed by its CEO Elon Musk during a shareholder meeting Thursday.
The entrepreneur had become increasingly angry at California officials, particularly in April 2020, when he called temporary Covid-related restrictions imposed on the area ‘fascist’.
Tesla currently has a factory in California, which will not be affected by the move. In fact, Musk confirmed that the plant will continue to expand production there, saying the factory as well as a battery plant in Nevada would see output increase by 50 per cent.
Discussing limitations on the California expansion, he added: “It’s tough for people to afford houses, and people have to come in from far away….There’s a limit to how big you can scale in the Bay Area.”
The electric vehicle company also has a plant being built on the outskirts of Austin, Texas, while Musk moved to the city earlier this year after more than two decades in Los Angeles.
We welcome @Tesla home! It's a tech company that creates the clean-manufacturing, middle-skill jobs Austin needs. We’re one of the safest big cities, with a strong innovative, entrepreneurial, environmentally-focused culture. https://t.co/N3vPvohHuq
— Mayor Adler | Get vaccinated! (@MayorAdler) October 7, 2021
Steve Adler, mayor of Austin, released a statement saying: “We welcome Tesla home! It’s a tech company that creates the clean manufacturing, middle-skill jobs Austin needs. We’re one of the safest big cities, with a strong innovative, entrepreneurial, environmentally focused culture and Tesla fits right in. Tesla is now an even larger part of a community that works together to meet our challenges and to enjoy a magical city.”
During the shareholders meeting, Musk shared an image of a Tesla emblem. It was in the style of a sheriff’s belt with the Tesla ‘T’ logo in the centre and the message ’Don’t mess with’ beneath it, seemingly playing on the phrase ‘Don’t mess with Texas’.