Elon Musk Relocates X Headquarters to Texas

Elon Musk is relocating X (formerly Twitter) from San Francisco to Texas, citing issues with San Francisco's gross receipts tax, crime, and recent political developments. Local officials, including City Attorney David Chiu and Mayor London Breed, have expressed indifference or support for the move, noting that the company's local presence had already significantly diminished. Musk also plans to move remaining employees to offices in Palo Alto and San Jose. The relocation marks the end of a once-celebrated relationship between Twitter and San Francisco, which initially offered tax breaks to attract the company. The move is part of Musk's broader shift of his ventures, including SpaceX, to Texas, reflecting his growing dissatisfaction with California's regulatory environment. San Francisco's chief economist, Ted Egan, stated the departure would have minimal economic impact due to the company's reduced footprint.