Actually, Tesla is headquartered in Silicon Valley. But now Tesla boss Elon Musk wants to relocate to Texas – also for financial reasons.
Tesla is officially relocating its headquarters from Silicon Valley to Texas. CEO Elon Musk announced the move at the electric car manufacturer’s general meeting. It has already been held at the new headquarters in the city of Austin, where Tesla is building a large new plant.
Until now, Tesla had its headquarters in the heart of Silicon Valley, in Palo Alto. When making the announcement, Musk pointed out, among other things, that the cost of living for employees in Texas was lower.
However, Musk had already threatened to move the company headquarters to Texas last year in the dispute over the closure of the main plant in Fremont near San Francisco. He was dissatisfied with the fact that the factory was temporarily shut down due to corona restrictions.
The Tesla activities in California are to be expanded, Musk now said. Among other things, the capacity in Fremont will be increased. In addition to the factory in Texas, Tesla is also building its first European plant in Grünheide near Berlin.
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
