Tesla is the electric-car company headquartered in Austin, Texas, after moving its headquarters from Palo Alto, California.
Tesla announced the headquarters move at its October 2021 annual shareholder meeting. The company began relocating important operations to Texas while expanding its Gigafactory Texas near Austin. Tesla’s California engineering and manufacturing presence continued, so the move did not mean that all activity left the state.
Tesla was founded in 2003 and became a major market-capitalization company as investors valued its electric vehicles, battery technology, charging network, and potential software businesses. Its headquarters history is sometimes confused with its manufacturing footprint, which has included facilities in California, Nevada, New York, Texas, and overseas.