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Thursday Oct. 7 – Tesla has announced that it will change its headquarters from California’s Bay area to Texas. The Bay area is really expensive to keep headquarters or any real-estate property located in the bay area. “We’re taking it as far as possible, but there’s a limit how big you can scale it in the Bay Area,” Musk said according to The Associated Press. “Just to be clear, though, we will be continuing to expand our activities in California. This is not a matter of leaving California. ”Elon made this announcement while speaking from Tesla’s manufacturing plant in Austin.
Tesla still planned on expanding operations in Fremont, California, hoping to boost output by 50 percent. Last year, Musk revealed in an interview that he had personally relocated to Texas due to what he referred to as a complacency in Silicon Valley. The AP noted in the report that Tesla’s move follows similar moves made by Silicon Valley companies like Oracle Corp. and Hewlett Packard Enterprise, with both moving to Texas due to the high cost of living in Silicon Valley.