Tesla CEO Elon Musk and California Gov. Gavin Newsom announced Wednesday plans for a new engineering headquarters for the electric vehicle company.
The new facility will be housed in a Palo Alto office space previously occupied by Hewlett-Packard.
"This is, I think, a poetic transition from the company that founded Silicon Valley to Tesla," Musk said.
Tesla CEO Elon Musk is joined by California Gov. Gavin Newsom to announce a new engineering headquarters for the electric car company in the Silicon Valley.
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It's also a symbolic homecoming of sorts for Tesla, which officially moved its headquarters to Texas in 2021 over complaints of too much red tape and state government interference.
"It's a point of pride, always has been for me, that Tesla is a California company, started here first," Newsom said.
For more information, visit CNBC.
Governor Gavin Newsom and Elon Musk put their differences aside to talk about jobs in the Silicon Valley. NBC Bay Area’s Raj Mathai spoke to Business and Tech Reporter Scott Budman about the meetup.
