Tesla HQ Move Highlights Texas’s Business-Friendly Climate
8 Oct 2021
AUSTIN, TEXAS — Tesla is moving its headquarters from Palo Alto, California, to Austin in a move that highlights the advantages of doing business in Texas, said Robert Allen, President and CEO of the Texas Economic Development Corporation.
“We are really delighted to hear Tesla is moving its headquarters to Austin. This is yet another Fortune 500 company that will be coming to Texas to enjoy our state’s business-friendly climate and provide an excellent quality of life for their employees,” Allen said.
Tesla CEO Elon Musk announced the move at a company shareholder meeting on Thursday in Austin, where Tesla has already located some of its production facilities. Musk has also made a personal move to Texas. Tesla joins other companies, like Toyota, McKesson, Oracle and Hewlett Packard, which have also relocated from California to Texas.