Tesla officially moves headquarters from California to Texas | AP News

AUSTIN, Texas (AP) — Tesla says it has officially moved its corporate headquarters from Silicon Valley to a large factory under construction outside of Austin, Texas. The company made the announcement late Wednesday in a filing with U.S.

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12/2/2021 1:58:00 AM

Tesla says it has officially moved its corporate headquarters from Silicon Valley to a large factory under construction outside of Austin , Texas . CEO Elon Musk had said that the movie was coming at the company's annual meeting in October.

AUSTIN, Texas (AP) — Tesla says it has officially moved its corporate headquarters from Silicon Valley to a large factory under construction outside of Austin , Texas . The company made the announcement late Wednesday in a filing with U.S.

December 1, 2021 GMTFILE - This photo shows a sign bearing the company logo outside a Tesla store Feb. 9, 2019 in Cherry Creek Mall in Denver. Tesla says it has officially moved its corporate headquarters from Silicon Valley to a large factory under construction outside of Austin, Texas. The company made the announcement late Wednesday, Dec. 1, 2021 in a filing with U.S. securities regulators. (AP Photo/David Zalubowski, File)

FILE - This photo shows a sign bearing the company logo outside a Tesla store Feb. 9, 2019 in Cherry Creek Mall in Denver. Tesla says it has officially moved its corporate headquarters from Silicon Valley to a large factory under construction outside of Austin, Texas. The company made the announcement late Wednesday, Dec. 1, 2021 in a filing with U.S. securities regulators. (AP Photo/David Zalubowski, File)

AUSTIN, Texas (AP) — Tesla says it has officially moved its corporate headquarters from Silicon Valley to a large factory under construction outside of Austin, Texas.The company made the announcement late Wednesday in a filing with U.S. securities regulators. CEO Elon Musk headtopics.com

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had said at the company’s annual meeting in Octoberthat the move was coming.The filing said the relocation from Palo Alto, California, to what Tesla calls a “Gigafactory” on Harold Green Road near Austin was done on Wednesday.In U.S. regulatory filings at the end of last year, Tesla said it had about 71,000 employees worldwide. Company news releases in 2020 said about 10,000 work at the Palo Alto headquarters and 10,000 are employed at its factory in Fremont, California.

ADVERTISEMENTIt wasn’t clear if all of the headquarters employees would be required to move. A message was left Wednesday seeking comment from Tesla, which has disbanded its media relations department.Wedbush analyst Daniel Ives said in October that he expects some of the 10,000 employees in Palo Alto won’t want to leave the Bay Area, but says a large number will, due to Austin’s lower cost of living. He said he thinks Tesla will give many the option of staying, but expects 40% to 50% to make the move.

“The tax incentives down the road, we believe, will be massive when you compare taxes versus California,” Ives said. “Getting employees is much cheaper and easier in Texas.”CEO Elon Musk hinted at making a move ever sincea spat with Alameda County, California,

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health officials over reopening the factory in Fremont last year at the start of the coronavirus pandemic.Musk has said that he has moved his residence from California to Texas, where there is no state personal income tax.

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I love the movie hype... Is it like fast & furious? But smarter? What 'movie' is Elon Musk making in Texas? What movie?! Remember Elon Musk is moving his shit to Texas where minorities can’t vote without major obstacles and women’s health is considered a non issue and only men count as worth. Was a big fan but not so much now.

Welcome to Texas Tesla. Sadly they are building poor quality cars, research it yourself before buying. Even ElonJesus has made statements about slowing down ..... KHancock4TX Never buying anything made by Tesla. He’ll think twice once that power grid goes out again in Feb. Wait there’s a movie about it? I'm sure THAT won't put any kind of strain on Texas' crappy power grid. Brilliant.

Musk has $2.5 billion reason to move to Texas: taxesInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.

They made a movie of this? It’s okay , you don’t need to proof-read your tweets 🙃 Oh good! I can't wait until it hits theatres. The movie 😂 Tesla....the movie. 🥴 Might want to help out the Austin airport now… Just sayin.. So they moved into an unfinished building still being built. Seems dangerous for the employees who have to work there.

Cancelling my order now..

Musk has $2.5 billion reason to move to Texas: taxesInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.

Musk will change his mind in 2 years and move them all back to California, Looking forward to the movie sequel. The AP can't proofread LMAO. Who gives a shit? He is such a freaking jerk.

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