It is a decision with a highly symbolic content. Tesla boss Elon Musk announced Thursday, October 7, that the electric car manufacturer’s headquarters, currently based in Palo Alto, California, will be relocated to Austin, Texas, where the group is currently building a new plant. builds.
“I’m pleased to announce that we will be moving our headquarters to Austin.”Elon Musk said at Tesla’s annual general meeting of shareholders. He even left the West Coast personally in 2020 and has repeatedly criticized the California authorities several times since the beginning of the health rules pandemic he considered too strict.
That does not mean Tesla will leave the West Coast completely, the billionaire added immediately. “To be clear, we will continue to expand our operations in California.”, in particular by increasing production at the Fremont plant, he stressed.
But, the entrepreneur also notes, “We Can’t Grow Endlessly in San Francisco Bay”, where the density is high, the cost of living is high and traffic is often difficult. While in Austin, the factory is installed “Five minutes from the airport and fifteen minutes from the city center”.
A conservative state
Elon Musk justified his personal move last year by the need to be as close as possible to the two projects that then occupied most of his time: the development of rockets by his space company SpaceX in the south of the state and construction of a car plant by Tesla near Austin.
By announcing the installation of Tesla in Texas on Thursday, Elon Musk takes a slightly opposite view of several large U.S. companies, which recently publicly criticized this state after the enactment of a particularly restrictive abortion law. For example, IT giant Salesforce has offered its help to employees who want to leave Texas.