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. The move returns Tesla to the world’s center of technology and innovation.
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. Newsom added that California has been committed to supporting Tesla and other electric vehicle brands for years and has proven that through legislative policy and regulations.
“We are able to lay claim to 44 manufacturing headquarter companies in the electric vehicle space, but none that dominate like Tesla,” Newsom said. California is already the largest (EV) car manufacturer in America and Musk said Tesla’s Fremont plant is the busiest plant in North America with plans to produce more than 600,000 vehicles in the coming year.
Newsom has been a proponent of electric vehicles and revolutionizing America’s energy production, and said he hopes the partnership between Musk and California will allow the state to “dominate in this space and change the way we produce and consume energy in this state, and this nation and the world we are trying to build.”
Musk will be closer to the Twitter headquarters, which is located in San Francisco.
IN OTHER EV NEWS, OHIO’S LORDSTOWN MOTORS STOPS PRODUCTION AND RECALLS ALL 19 PICKUPS IT’S PRODUCED.
The company announced Thursday that it has experienced performance and quality issues with certain Endurance components that have led the company to temporarily stop production and customer deliveries since our last production update in January.
A prototype of a Lordstown Endurance electric pickup truck caught fire and burned down to the asphalt in it’s first ten minutes of its first test drive in 2021.
Lordstown Motor Corporation’s shares last traded at $1.09, far below its high of $31.40 on September 21, 2020.