Electric-vehicle maker Tesla Inc will make its global engineering headquarters in California, Chief Executive Elon Musk and California Governor Gavin Newsom announced on Wednesday.
will make its global engineering headquarters in California, Chief Executive Elon Musk and California Governor Gavin Newsom announced on Wednesday.
Tesla in December 2021 moved its corporate headquarters from Silicon Valley’s Palo Alto, California, to Austin, Texas, where it is operating a new car factory. Musk's SpaceX rocket company also has a launch site in the southern tip of Texas. Billionaire Musk himself moved from Los Angeles to the Lone Star State, which does not have state income tax.
But the company's first factory was in the San Francisco Bay Area city of Fremont, and Musk said on Wednesday that it would produce more than 600,000 vehicles this year. California remains a key source of talent for tech companies, and the Tesla engineering headquarters will be in a former Hewlett Packard building in Palo Alto. "This is a poetic transition from the company that founded Silicon Valley to Tesla," Musk said.
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