Tesla Headquarters Moving From California to Austin Texas

Elon Musk announced yesterday that the Tesla headquarters will be moving out of California and into Austin, Texas. During his announcement he cited several reasons for leaving their current location which includes housing affordability and long commutes, he also said the factory in Austin is just five minutes from the airport and 15 minutes from downtown. This news comes after Musk announced last December that he had moved to the Lone Star State.

Musk also said Tesla planned to continue significantly expanding in California. Musk stated that the company intends to increase output from it’s Fremont and Nevada factories by 50%. His Spacex company is also developing a massive rocket system known as the ‘Starship’ in South Texas.