Greg Abbott Just Dealt California a DEVASTATING Blow As Big Tech Giants Leave For Texas

For the first time in Fortune 500 history, Texas has more corporate headquarters than California, and that flip closes out six years of the same decision playing out again and again. Charles Schwab, Oracle, Hewlett Packard Enterprise, Tesla, Chevron, SpaceX, and X all walked out of California and into Texas. Governor Gavin Newsom has answered nearly every departure with deflection. Governor Greg Abbott has answered with a welcome sign. This is Main Street Financials's breakdown of the corporate exodus that just reshaped the Fortune 500 map. I separate the companies that actually moved to Texas from the ones headed to Florida and Georgia that keep getting lumped in by mistake, and I put California's and Texas's own numbers side by side instead of taking either governor's word for it. What you'll see in this video: Who actually pays for these moves? The real tax, regulation, and housing numbers behind the exodus Why Elon Musk called a single California law "the final straw" and moved SpaceX and X out in the same week Timestamps: 00:00 - Texas Just Took California's Crown 00:37 - Six Years of Driving Businesses Out of California 02:08 - Gavin Newsom Finally Pushed Companies Too Far 03:54 - Why Companies Are Leaving California 05:56 - What Texas Is Selling 07:56 - Who Actually Pays For This 09:39 - My Final Thoughts Sources: Texas Governor's Office gov.texas.gov California Governor's Office gov.ca.gov Fortune fortune.com Tax Foundation taxfoundation.org CBRE cbre.com Main Street Financials covers corporate scandals, and the real stories behind companies. Money, and political power told with verified data. New videos three times a week. Subscribe to follow the latest news. Contact: [email protected]