Well, that was quick!
Elon Musk announced during a joint press conference with California Gov. Gavin Newsom that Tesla would be returning its global engineering headquarters to California, two years after a dramatic exit that saw the electric car company leave the Golden State for a facility in Austin, Texas.
Tesla will open up shop in the former home of Hewlett Packard in Palo Alto, Musk said. The facility will serve as the company's engineering headquarters while the corporate headquarters remains in Austin.
So it's not a comprehensive move — just the engineering base. You can understand it: It's probably a pretty smart move to keep your company's financial headquarters as far away from the rapacious California government as possible.
Gov. Gavin Newsom, meanwhile, was clearly excited about it:
Newsom applauded the decision to return Tesla to California, saying that the state remains on the forefront of "discovery and new ideas and innovation."
"We say about our state, the future happens here first. We are America's coming attraction," Newsom said.
California is "America's coming attraction??"
Excuse me for a minute...
