Elon Musk announced relocating Tesla, SpaceX, and X headquarters from California to Texas, citing issues with California laws and taxes. Musk expressed discontent with a new law protecting transgender children, among other grievances.
Musk's headquarters moves could significantly impact California's budget by potentially relocating high-paid tech workers. He had already relocated personally to Texas in 2020 to avoid California's high taxes, with Tesla and Boring Company following suit in subsequent years.
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