Elon Musk says he will move companies out of California over trans law

finance
Created 7/17/2024
Updated 7/17/2024

Elon Musk announced plans to relocate the headquarters of SpaceX and X (formerly Twitter) from California to Texas in response to a new California law that prevents schools from requiring teachers to notify parents when their child changes their gender identity. Musk criticized the law, stating it attacks families and companies, and cited previous warnings to California Governor Gavin Newsom. Musk, who has a transgender daughter, also mentioned safety concerns in San Francisco as a reason for moving X to Austin. This move follows Musk's earlier decision to shift Tesla's headquarters to Texas, a state with no corporate or income tax and conservative politics.

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