Tesla is making a comeback to California!
Musk sees Tesla's move into the former home of Hewlett Packard as a symbolic moment. He called it a "poetic transition from the company that founded Silicon Valley to Tesla."
CEO Elon Musk held a joint press conference with California Governor Gavin Newsom, where he announced that the electric car company would be opening a global engineering headquarters in the state.
This move comes two years after Tesla's departure from California, when they relocated to Austin, Texas.
Tesla's new engineering headquarters will be located in Palo Alto, specifically in the former Hewlett Packard building. However, the company's corporate headquarters will remain in Austin.
This decision to move back to California puts Tesla back in the world's hub of technology and innovation. It does brings Musk closer to the headquarters of Twitter, which he acquired last year in a significant social media shakeup.
Merge?
Elon meets with Governor Newsom
Posted Using LeoFinance Beta
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