Tesla headquarters to exit Bay Area: Musk

2 mins read

The headquarters of Tesla in California will be transferred to Austin, Texas, the company’s CEO Elon Musk announced.

The move was revealed by the business magnate during a meeting on Thursday. “I’m excited to announce we are moving our headquarters to Austin, Texas,” he said, as reported by KRON4

Tesla made an announcement last summer that its gigafactory will be positioned in Travis County, which is the location of Austin.

“Our factory is five minutes from the airport, 15 minutes from downtown, and we’re going to create an ecological paradise because we’re right on the Colorado River. It’s going to be great,” Musk said, adding that “this isn’t a matter of Tesla leaving California, our intention is to actually increase output.”

Last year, the company CEO and Bay Area leaders quarreled over the pandemic restrictions, particularly whether Tesla’s factory should stay shut amid the health crisis.

“California has been winning for a long time, and I think they’re taking it for granted,” Musk told the Wall Street Journal during that time. He also said that the transfer is being in process and his another company, SpaceX, also has its operations in Texas.

Oracle and Hewlett Packard have followed the measure, as they also transferred to Texas in 2020.

“As we look to the future, our business needs, opportunities for cost savings, and team members’ preferences about the future of work, we are excited to relocate HPE’s headquarters to the Houston region,” HPE CEO Antonio Neri said, KRON4 reported. “Houston is an attractive market to recruit and retain future diverse talent and where we are currently constructing a state-of-the-art new campus. We look forward to continuing to expand our strong presence in the market.”

Another company, PayCertify, also revealed its plans to transfer to Reno, Nevada.