Tesla is moving its HQ to Texas, Musk announces during the 2021 Shareholders’ Meeting

-

-Advertisement-

It did not take long to know why Tesla, Inc. (TSLA) released their Q3 2021 production and delivery numbers from Austin, Texas instead of Palo Alto, California. During the 2021 Annual Meeting of Shareholders, Tesla CEO Elon Musk announced that the automaker is moving its headquarters to Texas.

“I’m excited to announce that we’re moving our headquarters to Austin, Texas,” Musk said while addressing the shareholders’ meeting.

Last year when the Tesla Fremont factory faced an unprecedented amount of closure due to the COVID-19 situation, Elon Musk had threatened California that Tesla HQ will be moved to either Nevada or Texas.

Tesla Model Y Accessories by EVANNEX (Sponsored Banner).
– Sponsored –

At the time, Elon Musk thought that his company was not fairly treated in California while in the rest of the country other automakers were functional with Covid SOPs.

However, Musk did not move the HQ immediately but now it is clear that he never forgot the treatment by Alameda County’s local government officials. To avoid a similar situation in the future Tesla headquarters are now getting shifted to Austin, Texas.

But there are more reasons for Elon Musk to move the company’s HQ operations to Texas. The newly-built Gigafactory Austin, Texas is about to start production of the Tesla Model Y electric SUVs. The automaker is also preparing to start production of the Cybertruck next year.

In addition to these massive Tesla developments in Texas, the SpaceX Starship program is on asteroids in parallel. And Musk has to be there to lead this historic development of making human life multi-planetary.

– Advertisement –

“Just to be clear, though, we will be continuing to expand our activities in California,” Musk also clarified that Tesla is not actually pulling back from the state. Just recently, Tesla broke ground of its Megafactory in Lathrop, CA, so the expansions are still going to be happening in Cali in the future.

However, even moving the HQ to Texas is a big blow to the state of California as Tesla is the last manufacturer remaining there. Interestingly though, Tesla is currently not able to sell its vehicles directly to customers in the state of Texas.

To further emphasize the importance of Texas for Tesla, the 2021 Annual Shareholders Meeting was also conducted at Gigafactory, Texas.

During his presentation, Musk discussed several things (watch below). One of the important points he shared was the exponential growth of Tesla in vehicle production and deliveries.

Graph showing Tesla vehicle deliveries growth from Q4 2016 to Q3 2021.
Graph showing Tesla vehicle deliveries growth from Q4 2016 to Q3 2021. Credits: Tesla, Inc.

This is perhaps the fastest growth of any major automotive manufacturer, Musk said during the presentation while showing the above chart.

He also said that Tesla is willing to keep this growth ahead, chip shortage will be the only thing stopping the automaker from doing so.

Elon Musk is hopeful that at least 50% of current growth will still continue despite the chip shortage. Tesla can also design its own chips as well because of the experience of designing the Full Self-Driving HW 3.0 and HW 4.0 supercomputer processors.

Stay tuned for constant Tesla updates, follow us on: 
Google News | Flipboard | X (Twitter) | WhatsApp Channel | RSS (Feedly).

Related:

Iqtidar Ali
Iqtidar Alihttp://www.teslaoracle.com
Author of more than 1500 articles on Tesla, SpaceX, and EVs. His work has been liked and tweeted by Elon Musk and other prominent influencers. You can reach him on Twitter @IqtidarAlii

Latest News

Tesla Dojo supercluster looks more advanced and refined than xAI’s Nvidia Colossus

Earlier this morning, Tesla (TSLA) shared the most recent photos from the inside of its Autopilot/FSD AI machine learning...

Tesla Model Y Juniper’s frunk is easy to wash and drain after use (video)

Tesla's new 2026 Model Y midsized electric SUV is packed with new features and improvements over the previous generation....

Tesla (TSLA) begins the rollout of the 2025 Spring Release OTA software update (2025.14)

Tesla (TSLA) did not make customers wait a long time for the 2025 Spring Release over-the-air (OTA) software update....

Tesla Spring Update to enable B-pillar cameras for Sentry Mode, adaptive headlights, new Cybertruck features, more (2025.14 Release Notes)

Looks like the Tesla Spring Update is now becoming a norm like the Holiday Update every year. Last year,...
- Advertisement -

Static fire test of Booster 14, SpaceX’s first step toward Starship reusability

After two previous partial failures of Starship flight tests, Elon Musk's spaceflight and astronautics company SpaceX is gearing up...

SpaceX installs redesigned shorter Chopsticks on Pad B launch tower for Starship catch, Giga Bay construction preps, Starbase updates

Elon Musk's spaceflight and astronautics company SpaceX is not just working on the next Starship launch but on near-future...

Musk is even more focused on Tesla (TSLA) and SpaceX despite his DOGE efforts, Ron Baron

Billionaire investor and fund manager Ron Baron joined CNBC yesterday to talk about his firm's position on Tesla (TSLA)...

Tesla Tips & Tricks

Cybertruck rust or just dust — and how to fix the issue

It has been almost 3 months since Tesla started...

Here’s how to pair Apple Watch with your Tesla, unlock it and send commands remotely

Tesla (TSLA) released a notable feature with the 2024...

Tesla Quarterly Reports & Eearnings

Tesla (TSLA) announces time and date of the Q1 2025 Earnings Call

Elon Musk's electric vehicle and energy storage company Tesla...
- Advertisement -

You might also likeRELATED
Recommended for You