Tesla Officially Moves Headquarters from California to Texas

1 year ago 130

Tesla laminitis and main enforcement Elon Musk has made bully connected his committedness to relocate the company’s headquarters from Palo Alto, California, to Austin, Texas, with a Dec. 1 regulatory filing making the determination official.

“On December 1, 2021, Tesla, Inc. relocated its firm office to Gigafactory Texas astatine 13101 Harold Green Road, Austin, Texas 78725,” states the filing with the Securities and Exchange Commission (SEC), which bears the signature of Tesla Chief Financial Officer Zachary Kirkhorn.

Texas Gov. Greg Abbott took to Twitter to admit the move, saying that Tesla is present “officially” headquartered successful the Lone Star state.

The filing formalizes the process of Tesla relocating its office from California to Texas, a determination Musk promised successful October helium would make, though astatine the clip helium provided nary timeline.

Musk told the company’s yearly gathering connected Oct. 7 that helium was excited astir the relocation, portion making wide the determination didn’t mean Tesla was winding down operations successful California.

“To beryllium wide we volition beryllium continuing to grow our activities successful California,” Musk said astatine the time. “Our volition is to summation output from Fremont and Giga Nevada by 50 percent. If you spell to our Fremont mill it’s jammed.”

Musk said astatine the clip that precocious lodging costs successful California were squeezing Tesla’s quality to standard up successful the Bay Area.

Musk Tesla Tesla Motors CEO Elon Musk takes the signifier to talk astatine the National Governors Association Summer Meeting successful Providence, Rhode Island, connected July 15, 2017. (Brian Snyder/Reuters)

The determination comes aft Musk confirmed precocious past twelvemonth that he, personally, had relocated from California to Texas and present calls the Lone Star authorities his home. That came aft his feud earlier successful 2020 with section authorities implicit pandemic-related shutdown orders.

After Tesla’s Fremont works was shuttered successful March 2020 pursuing a COVID-19 related shelter-in-place order, Musk sued Alameda County, seeking an injunction against the bid and threatening to determination his company’s office retired of state.

Epoch Times Photo New Tesla electrical vehicles are seen successful a batch astatine Tesla’s superior conveyance mill successful Fremont, Calif., connected May 11, 2020. (Stephen Lam/Reuters)

“Frankly, this is the last straw. Tesla volition present determination its HQ and aboriginal programs to Texas/Nevada immediately. If we adjacent clasp Fremont manufacturing enactment astatine all, it volition beryllium babelike connected however Tesla is treated successful the future. Tesla is the past carmaker near successful CA,” Musk wrote successful a tweet at the time.

Tesla aboriginal dropped the suit against Alameda County, according to documents filed successful a California tribunal connected May 20 (pdf), a time aft California Gov. Gavin Newsom told CNBC that the authorities was committed to the electrical car maker’s occurrence and that helium was “not disquieted astir Elon leaving immoderate clip soon.”

In July, Musk announced that Tesla would physique its adjacent U.S. mill adjacent Austin, with an expected 5,000 hires and an concern of astir $1 billion.

Musk told The Wall Street Journal when announcing his determination to relocate to Texas that helium believes California has go complacent arsenic a locus of innovative companies, saying, “California’s been winning for a agelong clip and I deliberation they’re taking it for granted, a small bit.”

Tom Ozimek


Tom Ozimek has a wide inheritance successful journalism, deposit insurance, selling and communications, and big education. The champion penning proposal he's ever heard is from Roy Peter Clark: 'Hit your target' and 'leave the champion for last.'