From California to Texas: Tesla moves its headquarters

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Tesla, the world’s leading electric vehicle manufacturer, has held its annual shareholders meeting. As part of the event, Elon Musk’s company made several important announcements. One of them concerns Tesla’s move to a new headquarters in another state.

Tesla’s annual shareholders meeting began with a speech from the chairman of the board. Robyn Denholm said the company has delivered more than 800,000 electric vehicles in the past 12 months, and Tesla now employs nearly 100,000 people worldwide.

Tesla founder Elon Musk then took the floor and said he was delighted to publicly announce the relocation of the headquarters from Palo Alto, California to Austin, Texas, where construction of the new Giga Texas plant is now nearing completion. It is planned that the new “Gigafabrika” for the production of electric vehicles will be put into operation by the end of this year. It will produce the Cybertruck electric pickup and the Semi tractor unit, as well as the Model 3 and Model Y sedans.

The relocation of Tesla’s headquarters to Austin was quite expected, given that Elon Musk himself had recently moved to Texas. However, the head of the company stressed that they are not going to leave California completely. In contrast, Tesla plans to expand production capacity at its Fremont plant and increase production by 50%.

Musk also talked about the next “Gigafactory”, which Tesla will launch after the Texas one. According to him, the company has not yet decided where its next plant will be located. Tesla will begin searching for a site for a new production line next year, with a final decision in 2023.

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