Tesla moving it's headquarters to Texas

By: Madison Maronde

 On Thursday Elon Musk announced Tesla will be moving its headquarters to Austin, Texas according to an article by NPR.

The company's previous headquarters, in Palo Alto, California, will be following Musk who recently relocated to Texas. Musk moved following conflict with California lawmakers over Covid-19 restrictions according to an article by CNBC.

Tesla will continue to maintain its factories in California and Nevada. The company is also planning to increase their output from these factories by 50%  according to an article by NPR.


Musk tweeted in May 2020 that Tesla was the last remaining car company in California, and that there was a possibility they would be leaving. According to an article by CNBC, California has the highest income tax in the country, and Texas has none. 


Tesla relocating to Texas could save Musk billions of dollars according to an article by CNBC.


According to an article by NPR, Musk said that California housing prices have been hindering Tesla’s growth. Musk has been selling his California homes according to an article by CNBC.

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