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Los Angeles Times
Los Angeles Times
Business
Don Lee

Silicon Valley's tech monopoly is over. Is the future in Austin, Texas?

California Texas Austin Silicon Valley Tesla Inc. Bay Area Valley Elon Musk Sacramento Dan Ives

When Tesla announced last fall that it was moving its corporate headquarters from California to Texas, officials in Sacramento seemed more surprised than concerned.

After all, Tesla was expanding its sprawling Fremont, California, assembly plant, which already employs thousands of people. It's building a battery factory in the Northern California town of Lathrop.

And real estate brokers say the company is leasing more office space in Palo Alto, California, where its corporate headquarters had been located since 2009. Tesla was founded in nearby San Carlos in 2003.

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