Elon Musk Returns To California (Spoiler Alert: He Never Left) — February 23, 2023

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Tesla Inc. said it was establishing its global engineering headquarters in Palo Alto, California, a state that Chief Executive Elon Musk has at times criticized.

Mr. Musk moved Tesla’s headquarters to Texas from Silicon Valley in 2021, saying at the time that the company’s ability to scale up in the San Francisco Bay Area was limited. He had previously likened California to a sports team that rested on its laurels after a winning streak, saying, “they do tend to get a little complacent, a little entitled, and then they don’t win the championship anymore.”

Mr. Musk struck a cheerier tone on Wednesday evening, saying at an event in Palo Alto that the company would “build the future here.”

Tesla has maintained a presence in Silicon Valley even after moving its headquarters to Texas and it employs around 48,000 people in California, Mr. Musk said. That amounts to more than a third of the company’s global workforce as of year-end.

Many of those employees work across the San Francisco Bay in Fremont, California, home to the company’s first car plant. That facility has the capacity to make around 650,000 vehicles a year, Tesla has said.