Sign up for the Austonia daily newsletter
×
becomeMemberIcon

become a member

The inside of Giga Texas, Austin's Tesla plant. (Tesla)

Tesla has officially moved its headquarters from Silicon Valley to its under-construction Gigafactory in southeast Travis County.


In October, CEO Elon Musk had announced plans to uproot the HQ from California during a company shareholder meeting. The company’s filing with U.S. securities regulators on Wednesday locked down the move.

It’s unclear whether the 10,000 employees in Palo Alto will be required to move. An analyst told the Associated Press that while many may be given the option of staying, up to 50% could make the move with some motivated by a lower cost of living in Austin.

“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,” Musk had previously said. Regardless of the HQ move, the company plans to increase production at its California plant.

The HQ swap is the latest development on Giga Texas, the approximately 1,700-acre factory that Tesla received at least $14.7 million in tax breaks for. The factory is on track to start production of its Model Y vehicles by year’s end.

Musk has hinted at making the move for some time. Last year, while California health officials were concerned with the spread of COVID-19, Tesla’s push to reopen the factory in Fremont set off a spat. During an earnings call in April 2020, he’d described the state’s health orders as “fascist.” Recently, Musk relocated his own residence from Los Angeles to Texas, bringing almost each one of his companies along with him, including the Boring Company, Neuralink and his foundation.

Popular

Many, like Austin blogger Jane Ko, are opting to build homes on empty lots instead of buying preexisting homes. (Jane Ko/A Taste of Koko)

Austin homebuyers have been through the wringer in the past year—tales of offers well over asking price, sales in under an hour, and months-long supply chain shortages have become commonplace in the city's cutthroat housing market. So it's perhaps no surprise that many homebuyers are looking for greener pastures as they stake out large empty lots along the city's outskirts.

Keep Reading Show less

As Californians were especially drawn to Austin in the pandemic, some may head back to the Bay Area. (CC)

In earlier phases of the pandemic, people took it as the perfect moment to uproot their lives to the newest boomtown. Many, particularly Californians, found a fit with Austin, enjoying the Texas weather and lower cost of living. But for some, it may only be a pitstop.

Keep Reading Show less