Elon Musk has said that Tesla’s, $TSLA, is making California their new global engineering headquarters.
“This was HP’s original headquarters, and so I think it’s a poetic transition from the founders of Silicon Valley to Tesla and we’re very excited to make this our global engineering headquarters,” Musk told CNBC. “And we’re a California-Texas company."
Musk said the new facility is “effectively a headquarters of Tesla” and that it’s “kind of a dual-headquartered company.”
Tesla’s main headquarters is in Austin, Texas.
Musk talked with CNBC about his current thoughts on California.
“I think California should be cautious about taxes and over regulations going too far,” he said. “Objectively, Tesla has done nothing but increase its footprint in California. Both in terms of manufacturing and engineering and personnel. Every year we’ve grown our headcount in California without exception.”
“I’m not anti-California,” he told CNBC. “One has to strike a balance and say there’s a lot of good things about California and there are some challenges. California could make it easier to do manufacturing but we encourage legislators to consider their actions long-term.”
