5 ms·

I don’t think housing would be the “official” reason as Elon is keenly aware of how hard it is to buy a house in central Texas right now. Source: https://www.bu

• Johnny555 5y ago
  As the official spokesperson for the company, if Musk says it's "housing", then housing is the official reason. It may not be the real reason (which probably has more to do with his feelings about California in general and maybe proximity to SpaceX's Texas facilities), but it's the official reason.
• Mountain_Skies 5y ago
  That's temporary and the company has to look at things long term. Austin doesn't have the geographical barriers that the Bay Area has. If the building supplies and labor are available, Austin can sprawl out in pretty much any direction, though obviously transportation eventually becomes an issue.
• CalChris 5y ago
  Compared to the Peninsula, Austin is basically free. Median home price in Austin is $575,000. Median home price in Palo Alto, where the current Tesla HQ is, is $3,488,610.
  • kelnos 5y ago
    Regardless of where current Tesla HQ is, I would not compare Palo Alto to Austin and consider that apples-to-apples.
  • the_svd_doctor 5y ago
    To be fair, no one really looks at Palo Alto when buying a first home…
    • deleted 5y ago
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