American City Business Journals
Tesla may be heading to Texas, but here’s why 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 ranging from manufacturing to components to research, and the state itself is one of the major forces in making electric vehicles a leading industry segment.