11 Fortune 500 companies left California under Gavin Newsom Joe Rogan and Elon Musk talk about how Gavin Newsom’s lies “Whenever someone brings up the problems with California, he starts rattling off all the positives. The most Fortune 500 companies, highest education. But that was all already there before you were governor How many Fortune 500 companies have left California” (At least 11, I’ll list them below) “You guys spent $24 billion on the homeless, and it got way worse. The homeless population doubled. People don’t understand the homeless thing because it preys on people’s empathy, and we should have empathy and try to help people” “Gavin Newsom keeps saying we all have California derangement syndrome. He’s ripping off Trump derangement and calling it California derangement. No, no, no. How many corporations have left California? Hundreds.” Since Gavin Newsom took office as California’s governor on January 7, 2019, at least 11 Fortune 500 companies have relocated their headquarters out of the state - McKesson (2019, to Texas): The largest drug distributor, citing efficiency and costs. - Charles Schwab (2019, to Texas): Merged operations drove the shift post-acquisition. - HP Enterprise (2020, to Texas): Moved from San Jose for better talent and lower costs. - Oracle (2020, to Texas): Partial HQ relocation from Redwood City, but ~6,900 employees stayed in CA. - CBRE Group (2020, to Texas): Real estate firm from Los Angeles. - Palantir Technologies (2020, to Colorado): Data analytics from Palo Alto. - Tesla (2021, to Texas): From Palo Alto, though Fremont factory and many jobs remain. - AECOM (2021, to Texas): Engineering firm from Los Angeles. - McAfee (2022, to Texas): Cybersecurity from Santa Clara. - Chevron (2024, to Texas): Oil giant after over a century in CA, due to regulatory pressures. - PG&E (2025, to Texas): Utility from Oakland