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Tesla may be heading to Texas, but the Bay Area is a still a center for EV tech

·3 min read
Tesla may be heading to Texas, but the Bay Area is a still a center for EV tech

First off, the news: Tesla has officially announced it is moving its headquarters from Palo Alto to Austin, Texas. The decision has led to a lot of hand-wringing among economic development types about familiar narratives about the exodus of companies leaving the Bay Area and the decline of the region as a center for the burgeoning electric vehicle market. The Bay Area still functions as a still major hub for nearly all parts of the industry from manufacturing to components to research, and the state itself is one of the major forces in making electric vehicles a leading industry segment.