Apparent Tesla Model 2 sketch pops at Engineering HQ unveiling as Mexico president warns its Gigafactory may lack 2023

Elon Musk’southward electrical automobile visitor Tesla has officially moved its headquarters from Palo Alto, California, to Austin, Texas, co-ordinate to a Midweek filing with the Securities and Exchange Commission.

“On December one, 2021, Tesla, Inc. relocated its corporate headquarters to Gigafactory Texas at 13101 Harold Dark-green Road, Austin, Texas 78725,” the filing says.

Musk commencement announced the plans to movement the company to Texas in Oct, adding the caveat that Tesla volition continue “to expand our activities in California, so this is not a thing of, sort of, Tesla leaving California.”

The visitor is still looking to increase output at its Fremont, California establish and a Nevada plant by 50 percent, the quirky billionaire said at the time.

But expansion opportunities are limited in the Golden State and the toll of living is an obstruction, he added.

“It’southward tough for people to afford houses and a lot of people have to come in from far away,” Musk said. “We’re taking it as far as possible but in that location’s a limit to how big you tin can scale it in the Bay Area.”

Musk, by far the wealthiest homo in the globe with a cyberspace worth of more than than $310 billion, is also expected to save big thanks to his move to the Lonely Star State, which doesn’t tax personal income.

California imposes some of the highest personal income taxes in the country.

The Austin Gigafactory is about five minutes from the nearest airport and fifteen minutes from the city’due south downtown.

Musk, too the leader of SpaceX, moved from California to Texas himself last year that was the start of a very public breakdown with Silicon Valley.

The HQ motility comes a little over a year after he showtime threatened to move Tesla to Texas or Nevada amid a fight with state health officials over COVID-xix restrictions.

The company was told it couldn’t reopen its factory concluding yr when the coronavirus shutdown measures were yet in effect.

Musk took to a corporate earnings telephone call at one bespeak to deliver a profanity-laden bluster in which he called government restrictions among the pandemic “fascist.”

“Frankly this is the final harbinger,” Musk after said on Twitter. “Tesla will now move its HQ and future programs to Texas/Nevada immediately. If nosotros fifty-fifty retain Fremont manufacturing action at all, it will exist dependent on how Tesla is treated in the hereafter.”

He then defied lockdown orders and ordered restarting production in California until officials agreed to reopen the company’southward facilities with safety measures in place.

Despite the signs of Musk’due south fraying relationship with California, both Tesla employees and land officials were floored by the October proclamation of the HQ move and reportedly continue to question what it really means.

“Elon didn’t fifty-fifty tell his squad,” Dee Dee Myers, California Gov. Gavin Newsom’south economic system czar, said in tardily October when asked if the state had been informed in advance of Musk’s plans.

“Nosotros later on talked to the leadership in his offices in California, who did not know until he made that declaration,” she said on a briefing call with press.

“I don’t retrieve everyone knows exactly what it means that he’s moving his headquarters,” she added.

Tesla is merely the latest tech company to flee California for Texas, following Oracle and Hewlett Packard.

Texas officials have been courting companies to make the motility, dangling big-time tax breaks to put new facilities in the state through the Texas Economical Development Act.

Austin, with its relatively depression toll of living and habitation to a potent university as well equally popular events like South by Southwest, has been a hot spot for tech companies and their workers.