Story perspectives
California Companies Relocate to Texas, Florida for Cost Savings
4/10/2026
1 of 1
Story summary
- Numerous companies have relocated from California to Texas and Florida due to high costs, regulations, and taxes.
- Elon Musk moved SpaceX and Tesla to Texas, citing political issues and high housing prices in California.
- Charles Schwab left California, citing high business costs.
- Public Storage is moving its headquarters to Texas, attracted by a better talent pool and less restrictive regulations.
- Hewlett Packard Enterprise and Oracle also exited California.
