Is Tesla moving back to California from Austin?

Is Tesla moving back to California from Austin?

Tesla’s new engineering headquarters will be located in the former headquarters of Hewlett Packard in Palo Alto, California, Musk said, although he did not specify when the move would take place.

Is Tesla HQ leaving Texas?

— Tesla has decided to base its engineering headquarters in Palo Alto at a former Hewlett-Packard site, the company’s top boss Elon Musk announced on Wednesday. Musk made the announcement in Palo Alto during a joint appearance with Gov. Gavin Newsom.

Why is Tesla going to Texas?

In some respects, Musk’s rationale for moving Tesla’s headquarters reflects reality on the ground. Housing is inordinately expensive in the Bay Area, as is the land for manufacturing expansion. “It’s tough for people to afford houses, and a lot of people have to come in from far away,” Musk told shareholders last week.

Why did Elon Musk move Tesla back to California?

The move returns Tesla to the world’s center of technology and innovation, and puts Musk in closer proximity to the headquarters of Twitter, which the billionaire tech entrepreneur purchased last year in a massive social media shakeup.

Why did Musk move back to CA?

Musk called the move into HP’s old building a “poetic transition from the company that founded Silicon Valley to Tesla.” Newsom applauded the decision to return Tesla to California, saying that the state remains on the forefront of “discovery and new ideas and innovation.”

Is Tesla pulling out of Texas?

Elon Musk announces that Tesla’s engineering HQ is expanding in California, over a year after moving the company’s headquarters to Texas. Elon Musk announced on Wednesday that Tesla plans to expand its engineering headquarters in California.

Why can’t Teslas be sold in Texas?

State laws mean Texas-made Teslas must be shipped to other states before residents can buy them. Texas lawmakers decided not to pass legislation allowing carmakers to sell directly to customers. Tesla is building a factory in Austin, Texas, which is set to be up and running later this year.

Is SpaceX moving to Texas?

Elon Musk’s decision to shift the center of gravity of his largest ventures — Tesla and SpaceX — to Texas from California was made, like so many of his decisions, from the gut. Musk bridled at the restrictions the Golden State imposed in the early weeks and months of the pandemic, and he was looking for a way out.

Are Californians still moving to Texas?

The California exodus isn’t over. About 60,000 more people moved from California to Texas than the other way in 2022. Experts point to housing, taxes and politics.

Is Tesla moving away from Austin?

CEO Elon Musk moved Tesla’s corporate headquarters from California to Austin, Texas officially in December 2021. However, it still employs thousands of workers in California. In February 2023, the Tesla CEO said the company is moving into office space in Palo Alto previously occupied by Hewlett-Packard.

How many Tesla employees are moving to Austin?

Tesla Inc.’s Gigafactory Texas near Austin. The company says it now employs about 20,000 people and plans to triple that. Tesla said it’s producing Cybertrucks for release candidate builds at Gigafactory Texas. Tesla Inc.