October 24, 2021

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Elon Musk publicizes Tesla to maneuver headquarters to Austin – TechCrunch

Tesla CEO Elon Musk mentioned the corporate can be shifting its headquarters from Palo Alto, California to Austin, Texas, a metropolis that has lately seen a flood of tech firms and distant staff. Musk introduced the information on the 2021 Tesla, Inc. Annual Assembly of Stockholders, which passed off on the Tesla Austin gigafactory, slightly than within the Bay Space because it did in earlier years.

Musk additionally mentioned Tesla can be persevering with to develop actions in California, rising its output at its Fremont gigafactory by 50%, though he didn’t elaborate on how he would obtain such a ramp up in manufacturing. The manufacturing unit is at the moment in a position to produce about 500,000 Mannequin 3 and Mannequin Ys per 12 months and one other 100,000 Mannequin S and Mannequin X per 12 months.

Final Could, Tesla filed a lawsuit in opposition to Alameda County over the shuttering of the corporate’s manufacturing facility in Fremont, California to cease the unfold of COVID and prohibit any companies not deemed important and threatened to take his enterprise outdoors the state. The automaker dropped the lawsuit only a couple weeks later, however Musk was definitely fired up, tweeting: “Frankly, that is the ultimate straw. Tesla will now transfer its HQ and future packages to Texas/Nevada instantly. If we even retain Fremont manufacturing exercise in any respect, it will likely be depending on how Tesla is handled sooner or later. Tesla is the final carmaker left in CA.”

The drama with Alameda County wasn’t talked about on the Shareholder occasion. Fairly, Musk attributed the transfer to Texas partly as a result of a extra accessible location for staff.

“It’s robust for individuals to afford homes and folks have to come back in from distant,” mentioned Musk. “There’s a restrict to how huge you possibly can scale it within the Bay Space. In Austin our manufacturing unit is like 5 minutes from the airport, quarter-hour from Downtown.”

Musk mentioned Tesla plans to construct “an ecological paradise” on the Austin location close to the Colorado River.

Through the occasion, Musk additionally supplied updates on the Cybertruck, which he mentioned would begin manufacturing on the finish of 2022, with “quantity manufacturing” by 2023. The Tesla Semi and Roadster would comply with with the beginning of manufacturing by the top of 2023.

Musk cited a number of provide chain shortages, together with the continuing semiconductor scarcity, as a cause for the delay.

“The Semi specifically wants plenty of cells, wants plenty of cells [and] plenty of chips,” he mentioned.

Though Tesla unveiled the Semi prototype in 2017 and the Cybertruck in 2019, each autos have confronted repeated delays since, and at all times for provide chain points.

It is a creating story. Verify again in for updates. 

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