SAN FRANCISCO: Near the electric carmaker’s current headquarters in Palo Alto, California, Tesla Inc has agreed to lease office space from HP Inc.
As mentioned by Musk, Tesla will keep expanding activities in California including boosting output for its car factory in Fremont and it’s battery plant in Nevada by 50%. Also, he said that Texas move was due to lack of space at the Fremont factory and expensive housing prices in California where it did not elaborate on how many people would move to Texas.
Tesla’s expansion in Palo Alto came even after Elon Musk announced that last week the company was moving it’s headquarters from Palo Alto, California to Austin, Texas. The company secured an additional site because Tesla doesn’t have enough space for it’s current office.
Therefore, according to estimates by the Silicon Valley Area Studies Institute,Tesla has 12,000 employees in the San Francisco Bay Area, of which 750 are in Palo Alto.