Automotive

Tesla Comes Home?

Discounts AND tax incentives? What’s a few bucks for a U-Haul in this economy?
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Tesla Comes Home?

After moving its headquarters out of the state in 2021, Tesla announced it would return to California with a new engineering headquarters. Previous comments that the state was over-regulated and overtaxed were absent from the press conference at which Musk and Governor Newsom celebrated the news. 

Of course, Tesla never really left the state. Its Fremont factory has maintained strong production and expects to build around 600K cars this year. 

The EV giant is also scaling back its German battery plant in light of recent US incentives. While the company will continue building vehicles for the global market in Europe, the focus has shifted to milking all possible benefits from the Inflation Reduction Act.

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