Governor Newsom Welcomes New Tesla Global Engineering and AI HQ in California

 ⚡California leads the nation’s ZEV current market with just about 1.4 million ZEVs sold – 40{64d42ef84185fe650eef13e078a399812999bbd8b8ee84343ab535e62a252847} of the nation’s overall

 ⚡Watch remarks from the Governor and Musk right here

PALO ALTO – As California continues to direct the nation’s tech marketplace, Governor Gavin Newsom these days joined Tesla CEO Elon Musk on a tour of Tesla’s new world-wide engineering and AI headquarters in Palo Alto. Due to the fact 2009, California has supported Tesla to support create the foreseeable future of the zero-emission motor vehicle (ZEV) industry. Now, California will remain the house of Tesla as their new global engineering and AI headquarters operates to establish the technological innovation of the foreseeable future.

What Governor Newsom said: “The upcoming comes about in California first. We’re changing the world through our historic investments, our conveyor belt for expertise, and partnerships with corporations like Tesla. The point out proceeds to be the world’s innovation hub, charging the electric motor vehicle revolution, and dominating the market in each and every class – all though holding the identical objective in intellect: guaranteeing a cleaner, greener, and more healthy put to dwell for foreseeable future generations.”

Governor Newsom and Elon Musk at Tesla’s new international engineering and AI headquarters in Palo Alto

California’s national – and worldwide – economic management by the numbers:

• California is the nation’s top ZEV market, with just about 1.4 million ZEVs sold as of December 2022 – 40 percent of all ZEVs offered in the U.S. We also direct the nation in ZEV infrastructure, with 80,027 shared electric auto chargers and 63 hydrogen stations.

• Best EV production and exports: The point out is home to 55 ZEV-associated production firms, far more than any other condition. The achievement of California’s programs has led to ZEVs turning out to be a leading export and has spurred major improvements in production and work creation.

• Most large-excellent, varied workforce in the country: A lot more engineers, more scientists, a lot more researchers, extra Nobel laureates than anywhere else in the country. California is property to just about 830,000 immigrant business people and 25 Fortune 500 corporations established by immigrants or little ones of immigrants.

• California qualified prospects the entire world in tech firms and dominates the IPO pipeline, with 56{64d42ef84185fe650eef13e078a399812999bbd8b8ee84343ab535e62a252847} of the United States’ personal organizations valued at a lot more than $1 billion. Silicon Valley was rated as the world’s No. 1 startup ecosystem, followed by Los Angeles at No. 6 and San Diego at No. 21.

• IPO and unicorn dominance: More than 900 done IPOs for California firms in excess of the very last ten years (2011-2021), far more than double Texas and triple Florida. Just about 50 {64d42ef84185fe650eef13e078a399812999bbd8b8ee84343ab535e62a252847} of 2021’s new “unicorns” – 173 – are centered in California. By comparison, Texas experienced 8 and Florida experienced 3.

• A lot more than half the nation’s enterprise funds: Given that 2000, California has received above 51{64d42ef84185fe650eef13e078a399812999bbd8b8ee84343ab535e62a252847} of all undertaking funds invested in the United States – with additional than $625 billion full invested in our condition. In every single one 1 of these previous twenty several years, we been given no a lot less than 44{64d42ef84185fe650eef13e078a399812999bbd8b8ee84343ab535e62a252847} of all undertaking money invested country-wide.

• Most effective larger education procedure in the world: According to the US News & Globe Report, six of the nation’s Prime Ten general public universities are in California and all UCs are amid the greatest in the country. CalState is the major university procedure in the globe, and four of the prime 5 community universities are in California.

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