San Francisco: Tesla Inc has agreed to lease workplace house from HP Inc close to the electrical carmaker’s present headquarters in Palo Alto, California, an individual conversant in the matter informed Reuters.
Tesla‘s growth in Palo Alto got here even after CEO Elon Musk introduced final week that the corporate was transferring its headquarters from Palo Alto, California to Austin, Texas.
The particular person stated Tesla doesn’t have sufficient house for its present places of work, which led the corporate to safe an extra website.
Earlier, actual property information supplier the Registry reported Tesla has leased 325,000 sq. ft at 1501 Web page Mill Street from HP Inc, citing sources with data of the leasing market.
Musk has stated Tesla will maintain increasing actions in California, together with boosting output for its automotive manufacturing facility in Fremont and its battery plant in Nevada by 50%.
Musk, who had stated the Texas transfer was on account of lack of house on the Fremont manufacturing facility and costly housing costs in California, didn’t elaborate on how many individuals would transfer to Texas.
Tesla has 12,000 workers within the San Francisco Bay space, together with 750 in Palo Alto, in keeping with estimates by Silicon Valley Institute for Regional Studies.
Neither Tesla nor HP had been instantly accessible for remark. HP Inc, a pioneer of Silicon Valley, is headquartered in Palo Alto, however its spinoff Hewlett Packard Enterprise has moved its headquarters to Texas.
FbTwitterLinkedin
