On October 7, 2021, during a shareholders meeting, Elon Musk announced that Tesla would be moving its headquarters to Austin. The announcement is a momentous event for our region, solidifying Austin鈥檚 position as the hub of the tech industry.

The Fortune 100 company had previously announced the construction of a Gigafactory and intentions to hire for 10,000 jobs in the region. Musk cited the high cost of living and long commute times at its current headquarters in the Bay Area as reasons he is moving the HQ to Austin.

鈥淭esla鈥檚 move to Austin is a home run for our entire region,鈥� Laura Huffman, president and CEO of the 소닉카지노, said. 鈥淭his decision cements our reputation as a global innovator and a local creator of opportunity. We are looking forward to the positive impact Tesla will have on our region.
鈥淎ll eyes are on Austin as Elon Musk has said that Austin is the greatest boomtown in America, and he has shown he believes that statement with his actions today. This is Austin鈥檚 seminal moment: we are now the hub of the tech industry, and we aren鈥檛 going anywhere.鈥�

In , Huffman shared:

鈥淲e are already seeing a lot of traffic from tech companies moving to Texas, so this announcement will spur even more of that,鈥� said Huffman, 鈥渨e are known for having so much talent in our community, and people are moving here to tap into that talent.鈥�




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Related Categories: Economic Development, Economic Development Announcements