Tesla HQ Move Highlights Texas’s Business-Friendly Climate
8 Oct 2021
News
AUSTIN, TEXAS — Tesla is moving its headquarters from Palo Alto, California, to Austin in a move that highlights the advantages of doing business in Texas, said Robert Allen, President and CEO of the Texas Economic Development Corporation.
“We are really delighted to hear Tesla is moving its headquarters to Austin. This is yet another Fortune 500 company that will be coming to Texas to enjoy our state’s business-friendly climate and provide an excellent quality of life for their employees,” Allen said.
Tesla CEO Elon Musk announced the move at a company shareholder meeting on Thursday in Austin, where Tesla has already located some of its production facilities. Musk has also made a personal move to Texas. Tesla joins other companies, like Toyota, McKesson, Oracle and Hewlett Packard, which have also relocated from California to Texas.
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The Royse City, TX Community
Royse City is home to a growing number of young professionals and families. The average age within the city is 32 years old, and the educational attainment is higher than the national average. This has led to a population that is active, educated, and earns around $90,000 per year - far more than the national average. With 15,000 new homes in some stage of development, the city’s growth is expected to continue for some time. As it does, investments are being made in parks and recreation and the local school district.
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