The electrical automobile firm is at the moment based mostly in Palo Alto, California, close to its unique headquarters in San Carlos, and its first manufacturing unit, in Fremont. Musk mentioned Thursday that there’s a “restrict to how huge you’ll be able to scale within the Bay space.”
He cited housing affordability and the lengthy commutes it may possibly create as hurdles for its present location, and mentioned the Austin manufacturing unit is 5 minutes from the airport and quarter-hour from downtown. The median residence worth in Palo Alto is $3.3 million, in accordance with Realtor.com, whereas the median residence worth in Austin is $588,000.
“This isn’t a matter of, type of, Tesla leaving California,” he mentioned. He added that the corporate meant to extend output from its Fremont and Nevada factories by 50%.
Tesla couldn’t be reached for added remark Thursday evening. The corporate doesn’t usually have interaction with conventional information media.