Fortune 500's 2021 list is officially out, and the Austin metro saw two companies crack the list this year, with two others making the top 1,000.
While the Texas capital doesn't boast as many Fortune 500 headquarters as some other cities, its reputation as a tech hub and a Californian's paradise is still well-represented.
Oracle, which uprooted its headquarters from California to Austin last year, made the top 100 in the 80th slot this year, while Round Rock's own Dell was No. 28. Companies with large ties, including Tesla, Amazon, Apple, Facebook, and Google all cracked the top 100. And despite a tumultuous economic year, each of the Fortune 1,000 companies HQ'ed in Austin saw growth in 2020.
Here's a look at Austin companies that made the Fortune list:
28. Dell Technologies
Dell thrived during the pandemic by helping employees across the country adjust to remote work (Dell/Facebook)
Dell, which has been rooted in Austin since Michael Dell started the company as a University of Texas-Austin student in 1984, made the top 30. The computer manufacturer moved up six slots this year, is listed on the Global 500, and is one of the 100 most profitable corporations in the Fortune 500.
Dell is the second-largest non-oil company in Texas and the sixth biggest company in the state by revenue. As a global power, it is the largest shipper of PC computers in the world.
To cope with the pandemic, Dell decided to double down on work rather than hit the pause button. Dell gained 8,000 more employees in 2020 and employed a record of 165,000 worldwide as it shifted to push 90% of its employees into remote work. The company's emphasis on digitization and mobile technology for consumers during the pandemic paid off—the company had record revenue in 2020.
Dell, with multiple local offices, currently employs around 13,000 people in Central Texas and plans on keeping most of its employees in a remote or hybrid work format.
Oracle's Austin campus, which is now the company's headquarters, opened in 2018. (Oracle/Facebook)
Oracle, a global corporation that sells database, software and cloud technologies, was one of the major tech companies to announce its relocation of its headquarter to Austin from Southern California in 2020, after establishing a half a million-square-foot facility on East Riverside in 2018.
The corporation rose up two spots to No. 80 on the Fortune 500 in 2021 and is one of the 100 most profitable on the list. Oracle also cracks the Global 500 and is one of 71 Fortune 500 companies to have a female CEO, Safra A. Katz.
During the pandemic, Oracle faced big changes. Aside from moving its headquarters across states, the company began using artificial intelligence, augmented reality and voice commands (instead of "Hey, Siri", think "Hey, Oracle") to help companies move into the cloud.
According to Shailesh Singla, Country Head & Senior Director, Employee Experience/HCM Business at Oracle, the pandemic actually sped up digital technology, especially using AI as a human resources function, by many years.
Tesla's newest plant, Giga Texas, is set to be completed by the end of 2021. (Tesla Owners of Austin/Twitter)
While electric car giant Tesla hasn't moved its headquarters to Austin (although teased last year), its CEO Elon Musk, has already made the move. The man who called Austin a "boomtown" has plans to manufacture the company's Cybertruck and Model Y products out of the Giga Texas plant, set to be completed later this year in southeast Travis County.
The electric vehicle company just reaches the top 100 in the Fortune 500 list, rising 24 slots in the rankings. The company has seen job growth as Tesla works to employ nearly 10,000 Austin-area residents at the new Texas plant.
Musk famously had run-ins with COVID policies in California, where he was originally located, spurring him to join the California migration in the summer of 2020. Tesla famously struggled in its first decade of existence, but the EV entity grew more than a cult following during the pandemic. In April, the company reported its third consecutive profitable quarter for the first time, and Musk's net worth swelled to $155 billion.
Musk's former company PayPal also cracked the list at 134 on the Fortune 500. Musk used the funds from when the company went public to create the companies for which he is now famous, including Tesla, SpaceX and Neuralink.
523. Resideo Technologies- Fortune 1,000
Resideo Technologies streamlines home security and climate control worldwide. (Resideo Pro/Facebook)
While not quite cracking the Fortune 500 list, Resideo Technologies nearly made the list as a rising star in smart home technologies. The company is the No. 1 global distributor of home security products and employs over 14,000 worldwide. Resideo combines home necessities, including air conditioning, security systems, and water and energy conservation tools to give consumers a holistic product.
The company saw job growth in 2020 despite the pandemic as more consumers spent time at home. Over 15 million systems were installed last year, accounting for $5.1 billion in sales. Resideo bottomed out at the start of the pandemic but saw revenues rise by 10% from January to November 2020, surprising Wall Street investors.
627. Digital Realty Trust- Fortune 1,000
Digital Realty Trust owns two data centers in Austin and has influence worldwide as a real estate investment corporation. (datacenterdynamics.com)
Digital Realty Trust is another global giant that made its way to Austin during the pandemic. The real estate investment entity, which provides data center services worldwide, moved its headquarters to the Texas capital in January 2021 and has since seen revenue grow 32.4% to $1.1 billion just this year.
Only 5% of the company's investments in retail, energy, travel and lodging were at serious risk due to COVID. Although it only employs about a dozen at its Austin headquarters, it has a major footprint in Texas and owns 30 data centers in the state.
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East Austin restaurant la Barbecue has been robbed a third time in less than three months, according to a post on the restaurant's Instagram.
In the post, the restaurant included photos of what appeared to be a man exiting a minivan from surveillance footage.
"This guy pulled up in a car full of stuff… he ripped our gate open and stole a couple empty kegs," the post said. "The ring system scared him off so he did not venture back into the area. PLEASE EVERYONE ON THE EAST SIDE BE CAREFUL!!! This guy goes back into his car to grab something before he goes in. I am hoping he won’t be back!!"
The robbery comes as many restaurant and food truck owners have been on guard from recent break-ins. East Austin cheesesteak truck R&B's Steak and Fries has also been robbed three times in around three months, according to owner Kris Elliott. Elliot said the truck was last robbed around a month and a half ago.
"When the weather gets cold, it seems like these things start to happen more often," Elliott said. "We're just happy no one got hurt."
Additionally, he said all 5 of the food trucks in their lot have experienced burglaries. The landlord of the space is taking action by investing in alarm and camera systems. "Been very tough dealing with this problem as us small business owners are just trying to survive during the pandemic," Elliott said.
And it's not just in East Austin. North Austin restaurants Eldorado Cafe and Chez Zee Bistro were both broken into and robbed on the weekend of Jan. 8, while over a dozen food truck robberies and break-ins were reported in the latter half of 2021.
Some, like Chez Zee's Deborah Velasco, wonder if the understaffed Austin Police Department's decision to no longer respond to non-emergency calls is part of the problem. Xose Velasco, owner of East Austin's Discada, said owners are keeping their guard up in the wake of the robberies as he was robbed twice within a month of reopening in November 2021.
"We try to keep the lights on," Velasco said. "We're a little bit more careful."
After 12 months, the long-anticipated massive Tesla factory in Southeast Travis County is up and operating and everyone wants a look inside.
Phase 1 of Giga Texas appears to be tied up as production of the Model Y Tesla is underway, the electric car company revealed on Wednesday in its fourth-quarter earnings call. The factory, located on the former Harold Green-turned Tesla Road, sits on more than 2,000 acres of land in southeast Travis County.
Here's a glimpse inside the factory.
Model Ys will be the first Teslas to come out of Giga Texas with an estimated delivery of August. The wait estimate comes after Tesla noted supply chain issues have affected their factories, which have been running below capacity for several quarters. A deep blue metallic like this goes for $1,000 more than a white or silver Model Y, totaling $61,990.
Model Ys began being produced at Giga Texas at the end of 2020. In general assembly at the factory, the Teslas get their major interior components to finish the vehicle.
Workers at Austin's Gigafactory are attaching seats to a structural battery pack. It's been described by some as the biggest difference between Texas-made Model Y's and the current version at the Fremont, California factory. It shouldn't have a major impact on the owner's experience, but Tesla has updated instructions for the jacking procedure, as the lift points are different.
With a sleek, open office setup, workers can take in a view of the factory from their seats. It's a component CEO Elon Musk wanted for what is now the headquarters of Tesla.
On the Austin, Texas public location Snapchat, a photo of inside Giga Texas has appeared. On the left you can see a sneak peek of a Model Y body.pic.twitter.com/N7zliZ5vkL— Sawyer Merritt (@Sawyer Merritt) 1643081462
With Snapchat's maps, anyone can look at everyday activity happening at the factory. To view these geographically-linked stories, click the bottom left "map" icon and search "Tesla Giga Texas." Once you've found it, you can view the Snapchat story of those in and around the facility. While most stories stay up for only 24 hours, Giga Texas is a designated place on Snapchat, allowing users to view a collection of photos and videos from the inside.
Following Model Ys, Texas-made Teslas will include the Cybertruck, Semi and Model 3. But it might be a while before those other models arrive. EV makers have been hit hard by the chip shortage, and it's thought that changing features are contributing to Cybertruck delays as Tesla works to compete in the electric pickup market.
Joe Rogan paid a visit to buddy Elon Musk this week. The two have been seen around town since both moving to Texas. Naturally, Rogan was impressed with the prototype.
If you're dying to get a closer look at this factory, you just might get to. In December, Musk said the factory would have tours available to the community early this year.
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