Electric automaker Tesla is moving its corporate headquarters from California to Austin, CEO Elon Musk said Thursday, a stunning announcement that continues Austin's rise as a technology hub. This makes perfect sense for Elon since his Fremont, CA plant is spread across several blocks making it less efficient; the government in Texas is MUCH more business-friendly than CA; there is more land to expand and at a fraction of the cost of Bay Area land; and, the Texas Giga plant located in SE Austin is only 5 minutes to the airport and 15 minutes to downtown Austin. Just as we’ve been reporting the past few months that our home buyer “frenzy” has subsided finally giving buyers a better chance to purchase a home, we get this news. Better buckle up! Here comes Austin Real Estate Frenzy 2.0! [here is another article about the move: Tesla HQ Move to Austin]
Full Article here: Tesla moving HQ from California to Austin: 'A huge feather in the cap' for region
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