Why Tesla Is Moving to Texas

Why Tesla Is Moving to Texas

elon musk tesla move headquartes to AustinElon Musk seemed strangely casual in dropping the biggest news to come out of Tesla’s virtual shareholder meeting on Thursday afternoon. Streaming from inside the so-called Gigafactory the company is building in southeastern Travis County, on a raised dais in front of a red-and-white-painted manufacturing assembly line, the billionaire announced that Tesla is moving its headquarters from Palo Alto, California, to the Austin area. Musk—himself a newly minted Texan—didn’t offer much of a satisfactory explanation why.He talked about how Tesla had outgrown its California factory, but that’s a reason to build a new factory, not move the corporate HQ. He noted that employees there are having a hard time affording houses and are facing long commutes. (Of course, Austin hardly offers the cheap living it…View Original Post

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Source: Texas Monthly