Companies Left California for Lower Taxes, But the Number Was Small, Report Says

From 2011 to 2021, only a net 789 headquarters, or 1.9 percent of the total, moved out, a think tank found. The number of corporate launchings was much larger.

A Chevron gas station near Los Angeles on June 1, 2025. John Frediricks/The Epoch Times

Tesla moved its headquarters from California to Texas. So did Chevron.

Time to panic?