Your daily dose of Austin
Smartphone image
×
Make your inbox more Austin.
Local news and fun, every day 6am.
It's official: Tesla HQ moves to site of Austin Gigafactory

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

Manning family dynasty recruit Arch Manning commits to University of Texas

Peyton and Eli Manning's nephew Arch Manning has committed to the University of Texas. (Arch Manning/Twitter)

Arch Manning, the latest prospect in the Manning football family and No. 1 recruit in the class of 2023, has committed to the University of Texas.

Keep ReadingShow less
Police locate Jeep belonging to fugitive Kaitlin Armstrong, accused killer of cyclist Moriah Wilson

(U.S. Marshals Service)

The Lone Star Fugitive Task Force has found the Jeep belonging to Kaitlin Armstrong, the accused murderer of professional cyclist Moriah “Mo” Wilson.

Keep ReadingShow less