United States

Tesla moves headquarters to Texas

11:21, 08 October 2021
Tesla moves headquarters to Texas Photo: pixabay

Elon Musk announced on Thursday that Tesla is moving its headquarters from Palo-Alto, California, to Austin, Texas.

The announcement was made during the company's annual shareholder meeting at the building electrical cars factory in Austin. The Tesla CEO itself moved to Texas last year. 

Musk noted that California has relatively high taxes and living costs as Texas has more tax and business-friendly conditions for development. Oracle, HP, and Toyota have already opened their headquarters in Texas for the same reasons.

Musk added that Tesla won’t leave California completely. "This is not a matter of, sort of, Tesla leaving California," he said. The billionaire claimed that the electric car company is planning to increase output from the California factory complex in Fremont by 50%. 

In May 2020, Tesla CEO announced that the company can move to Nevada amid strict Californian COVID-19 restrictions for workers and factories. 

Last Saturday Tesla announced that it delivered 241,300 electric vehicles during the third quarter of 2021 while this number is higher by 20,000 units than that predicted by StreetAccount’s report issued on September 30.

Elon Musk’s enterprise reported that it produced 237,823 vehicles in the third quarter, including 228,882 Model 3 and Y vehicles and only 8,941 Model S and X units.

In Q2 Tesla delivered 201,250 and produced 206,421 cars, with only 2,340 model S and X produced.