California Gov. Gavin Newsom joined Tesla CEO Elon Musk at a press conference Wednesday to announce the electric vehicle's global engineering headquarters will be in Palo Alto, California.
The Future Fund managing partner Gary Black provides insight on investing in the electric vehicle company on 'Making Money.'on Wednesday teamed to hold a joint press conference to announce the electric vehicle giant's global engineering headquarters will be in California.
The two men addressed a gathering in front of the former Hewlett Packard headquarters in Palo Alto to reveal that Tesla's engineering department will be taking over the building in a move Musk said he is "very excited" about. California Gov. Gavin Newsom, left, joins Tesla CEO Elon Musk to announce the electric vehicle giant's global engineering headquarters will be in Palo Alto, California.
Musk famously moved Tesla's corporate headquarters from Palo Alto to Austin, Texas, in 2021, and moved from California to the Lone Star State himself. He previously slammed California for "overregulation, overlitigation, overtaxation."A pedestrian walks past Hewlett-Packard Enterprise Inc.'s then-headquarters in Palo Alto, California, on May 22, 2016.
Newsom said, "It's a point of pride — always has been — that Tesla is a California company, started right here." Musk went on to note theDespite his move to Texas, Musk's business empire has maintained a significant footprint in California.
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