A growing number of high-profile companies, including Chevron, Tesla, McKesson, Charles Schwab, CBRE, Hewlett Packard Enterprise, Palantir, AECOM, FICO, SpaceX, and Oracle, have relocated their headquarters from California to other states such as Texas, citing high costs, stringent regulations, and lifestyle challenges.
According to a 2025 report, only 3% of California firms relocated out of state; however, larger corporations are likely to leave, sparking concerns about the state's economic future.
