Tesla to move engineering HQ from Texas back to California (2024)

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Tesla to move engineering HQ from Texas back to California? ›

Elon Musk announced during a joint press conference with California Gov. Gavin Newsom that Tesla would be returning its global engineering headquarters to California, two years after a dramatic exit that saw the electric car company leave the Golden State for a facility in Austin, Texas.

— Tesla is returning to California, CEO Elon Musk announced Wednesday in a joint press conference with Gov. Gavin Newsom. "We're very excited to make this our global engineering headquarters," said Musk. The electric vehicle company had left California two years ago for a facility in Austin, Texas.

Musk has strong ties with Texas. He moved Tesla's corporate headquarters from Palo Alto in California to the Texas city of Austin in 2021 after criticising California's regulations and taxes, and also clashing with health officials at the start of the Covid pandemic over reopening a factory in Fremont.

Now, Tesla's engineering headquarters is officially located in Palo Alto, California, as announced by the company and Governor Gavin Newson at an opening event in recent weeks, and as detailed in reports from Reuters and USA Today.

Tesla moved its corporate headquarters to Austin, TX from Palo Alto, CA in 2021, after Musk criticized California's regulatory and tax environment. Tesla shares ticked 0.8% higher Thursday to $188.86 per share, though they've lost close to 24% of their value so far this year.

Elon Musk announced the new facility alongside California Gov. Gavin Newsom. After breaking up with California in 2021, Tesla is headed back to Palo Alto.

Tesla to move engineering HQ from Texas back to California.

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.

If you're a Texan and you crave a Tesla, you must travel to another state to buy one, or have the sale paperwork processed in another state. Texas first enacted protectionist dealership laws in the 1930s. The regulations banned the selling of cars to consumers by anyone other than a franchised dealer.

Texas is one of 17 states where automakers cannot sell directly to consumers. Reporting by the New York Times describes the experience of buying a Tesla in the state, “Employees are not even allowed to discuss prices with prospective buyers and the showrooms cannot accept orders.

Why is Tesla moving its headquarters 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.

22, 2023. Courtesy Office of Gov. Gavin Newsom. Tesla Motors has announced that it is going to base its global engineering and AI headquarters in Palo Alto at the former Hewlett Packard Enterprise campus, the company said on Wednesday.

Tesla officially moved its headquarters to Texas at the end of 2021 from California. The move was part of CEO Elon Musk's ongoing breakup with the Golden State. The shift also brings Tesla closer to its sister company, SpaceX.

The top 5 states with the most residents moving to Texas in 2022 were: California – 102,442 new residents. Florida – 41,747 new residents. New York – 30,890 new residents.

The move follows a Delaware Chancery Court ruling that ordered Tesla to rescind Elon Musk's 2018 CEO pay package, worth about $56 billion in options.

Why is Tesla moving its headquarter from Palo Alto, California to Austin, Texas? A few reasons why businesses in general are relocating to Texas. 1. Texas is more “business friendly” than California - far fewer hoops to jump through on environmental assessments and such when building a gigantic factory.

There are two main vehicle production plants: Their original factory in Fremont, California - which used to be a GM/Toyota joint venture and was purchased by Tesla in 2010. It has about 5.5 million square feet and 4,500 employees. It makes all four of the Tesla cars - the S, 3, X and Y.

In February 2023, the Tesla CEO said the company is moving into office space in Palo Alto previously occupied by Hewlett-Packard. He said the move will allow the company to work more on its plans for autonomous driving and robotics.