CEO says company is still expanding production to California
“I’m excited to announce that we’re moving our headquarters to Austin, Texas,” Musk said during the electric vehicle maker’s 2021 annual stockholders meeting from Tesla’s Gigafactory in Austin.
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“To be clear here, we will continue to expand our activities in California,” he explained. “It’s not about Tesla leaving California. Our intention is really to increase production from Fremont and Giga[factory] Nevada 50%.”
“If you go to our Fremont factory, it jams,” Musk said, suggesting that Tesla scaled up the feature and compared it to “spam in a can.” But he said there were other reasons for moving the company’s home base out of California.
“It’s hard for people to buy homes and a lot of people have to come from far away,” Musk said of the current Tesla headquarters. He continued, “We’ve taken it as far as possible but … there’s a limit to how big you can get it in the Bay Area.”
Musk continued, “Here in Austin, our factory is five minutes from the airport, 15 minutes from downtown, and we’re going to create an ecological paradise here because we’re right on the Colorado River. That’s a lot.” It’s going to be good.”
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“To emphasize again,” Musk reiterated, Tesla “will continue to expand in California, significantly — but even here in Texas.”