It is official, Tesla (TSLA) is now headquartered in Austin, Texas. According to the New York Post, the Tesla HQ relocated from Palo Alto, California, to 13101 Harold Green Road, Austin, Texas on December 1, 2021. TSLA shares fell 0.95% to close at $1,084.6 on December 2. Tesla designs, manufactures, and sells fully electric cars, solar energy generation systems, and energy storage products. California vs. Texas The relocation is not expected to affect Tesla’s expansion plans in California. The EV giant is already planning to bolster its output capacity at the Fremont California plant by 50%. Nonetheless, expansion opportunities in the state look limited.
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