Tesla moves its headquarters to Austin, Texas

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Tax and practical reasons are given

Tesla moves its headquarters to Austin, Texas-tesla

Tesla moves its headquarters to Austin, Texas. The company boss Elon Musk announced on Friday night (October 8), as reported by the Frankfurter Allgemeine Zeitung, among others.

Previously, the company was based in Palo Alto, a town in Silicon Valley about 30 kilometers southeast of central San Francisco. Musk said at the announcement at the general meeting that the cost of living would be lower for workers in Texas. Musk himself had already moved his residence to Texas at the end of 2020 and justified this with the business activities there.

In addition, Texas does not levy its own income tax, which makes the move financially worthwhile for Musk. In 2020, the company boss was already dissatisfied with the political leadership of the state of California, which had caused the factory in Fremont to temporarily close with its corona rules. Musk had ordered his employees to their workplaces despite the ban and threatened to move the Tesla headquarters to Texas.

Elon Musk’s second largest company, SpaceX, is also developing rockets in Texas (although its headquarters are still California). In addition, Texas has the advantage that the important Gigafactory 5 arises. The factory is expected to be completed by the end of 2021. The models 3, Y, Semi and Cybertruck are to be built in Austin.

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The Austin factory has been under construction since July 2020 and is expected to be completed by the end of 2021. Model Y is to be produced there on a small scale before the end of the year, before series production starts in 2022. In addition, the Model 3 as well as the semi electric truck and the Cybertruck are to be built in Austin. The work is huge. The following drone video gives an impression of the size:

Even if you move to Texas now: Tesla does not want to leave California. There are even plans to expand the Fremont plant so that 50 percent more cars can be built there.

What about the cybertruck is concerned, Tesla announced that series production will not begin until 2023. The same goes for the semi and the new roadster.

Also to the 4680 cells said Musk. They currently have a pilot production facility for around 10 GWh per year near the Tesla Factory in Fremont, California. Series production is scheduled to begin in Austin at the end of 2022.

As for the new $ 25,000 model below Model 3, Musk said the car won’t be called Model 2 – without giving away more about the vehicle. Otherwise, Musk confirmed that there will also be a Tesla van in the future, i.e. a transporter or truck. Musk had already mentioned a Tesla van in January 2021, as site reported at the time.

You can see the entire Annual General Meeting in the following video:

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