TESLA HQ MOVE - While Texas has seen a huge migration of corporations moving their headquarters to the Lone Star State, one major tech company TESLA is doing the opposite- sort of. TESLA CEO Elon Musk announced this week that he has decided to base TESLA’s engineering headquarters in Palo Alto at a former Hewlett-Packard site. Musk made the announcement in a company livestream appearing with California Governor Gavin Newsom.
“We’re excited to announce that TESLA’s global engineering headquarters will be right here, the former headquarters of Hewlett-Packard,” Musk said. “This is I think a poetic transition from the company that founded Silicon Valley to TESLA, we’re very excited to make this our global engineering headquarters in California.”
TESLA began operations in California 20 years ago and had been helped a lot by California’s strong climate initiatives and Electric Vehicle programs making California the biggest market for EV’s in the U.S. But thanks to the state’s Covid-19 mitigation mandates which Musk criticized along with California’s business climate at the time, he moved headquarters to Austin, Texas in 2021 and built a $1.1 billion dollar factory for Tesla’s Model Y and CyberTruck vehicles.
As to what the move will mean to TESLA’s Austin location, Musk has reportedly said the Austin facility will be “…effectively A headquarters of Tesla and that TESLA will be a kind of dual–headquartered company.”
