San Francisco: Tesla Inc has agreed to hire administrative center house from HP Inc close to the electrical carmaker’s present headquarters in Palo Alto, California, an individual conversant in the topic informed Reuters.
Tesla’s enlargement in Palo Alto got here even after CEO Elon Musk introduced final week that the corporate was once transferring its headquarters from Palo Alto, California to Austin, Texas.
The individual mentioned Tesla does no longer have enough room for its present places of work, which led the corporate to protected an extra web site.
Previous, actual property information supplier the Registry reported Tesla has leased 325,000 sq. toes at 1501 Web page Mill Street from HP Inc, bringing up assets with wisdom of the leasing marketplace.
Musk has mentioned Tesla will stay increasing actions in California, together with boosting output for its automobile manufacturing unit in Fremont and its battery plant in Nevada by way of 50%.
Musk, who had mentioned the Texas transfer was once because of loss of house on the Fremont manufacturing unit and dear housing costs in California, didn’t elaborate on what number of people would transfer to Texas.
Tesla has 12,000 staff within the San Francisco Bay space, together with 750 in Palo Alto, in keeping with estimates by way of Silicon Valley Institute for Regional Research.
Neither Tesla nor HP have been right away to be had for remark. HP Inc, a pioneer of Silicon Valley, is headquartered in Palo Alto, however its by-product Hewlett Packard Undertaking has moved its headquarters to Texas.