Tesla Will Move Its Headquarters To Austin

Austin TX

08 October, 2021

11:18 AM

Description

AUSTIN, TX — Tesla will move its headquarters from California to Austin, CEO Elon Musk announced Thursday. The electric carmaker, which is building a gigafactory in Southeastern Travis County, displayed a Texas-themed logo immediately after Musk's announcement. The logo featured a lone star emblazoned on a belt-buckle-shaped oval and the words,"Don't Mess With" under the company's T symbol. Live in Austin? Click here to subscribe to our free breaking news alerts delivered to your inbox and mobile devices. Follow us on Facebook and Twitter, and download our free mobile app on Android or iPhone. "Our factory is like five minutes from the airport, 15 minutes from downtown, and we're going to create an ecological paradise here because we're out on the Colorado River," Musk said at an annual shareholder event. "It's going to be great." Austin Mayor Steve Adler welcomed the move, saying Tesla "fits right in." We welcome @Tesla home! It's a tech company that creates the clean-manufacturing, middle-skill jobs Austin needs. We're one of the safest big cities, with a strong innovative, entrepreneurial, environmentally-focused culture. https://t.co/N3vPvohHuq— Mayor Adler | Get vaccinated! (@MayorAdler) October 7, 2021 "We welcome Tesla home! It's a tech company that creates the clean manufacturing, middle-skill jobs Austin needs," Adler said. "Tesla is now an even larger part of a community that works together to meet our challenges and to enjoy a magical city." Last year, Musk threatened to move the company out of Fremont, Calif., due to COVID-19 restrictions. Despite his previous threat to move all manufacturing, Musk said Thursday that's not the company's intention. "This is not a matter of Tesla leaving California," he said. "Our intention is to actually increase output from Fremont and from [Tesla's Nevada factory] by 50 percent." Musk said in the meeting that part of the reason for the move is the affordability for housing in the Bay area is "tough" and the limitations of scaling expansion.