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California Exodus Intensifies as EV Producer Announces Move to Texas for Lower Taxes, Less Regulation

The startup is the latest to relocate its headquarters to the Lone Star State.

Mike Mulholland/Getty Images
Texas is the state with the highest number of Fortune 500 companies in America, with 55 in total. Mike Mulholland/Getty Images
PERRY CHIARAMONTE
PERRY CHIARAMONTE

EV Startup Canoo is the latest company to ask its employees to leave California for more business-friendly pastures.

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PERRY CHIARAMONTE
PERRY CHIARAMONTE

Mr. Chiaramonte was an investigative reporter and producer at Fox News, a correspondent for the New York Post, and a news editor for the Messenger.

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