“No choice. It is impossible to operate in San Francisco if you’re processing payments,” the technology entrepreneur said on X, external.
“That’s why Stripe, Block (CashApp) & others had to move,” he added, hinting that it was local laws that triggered his decision.
X did not immediately reply to a BBC News request for comment.
In July, the multi-billionaire said the offices of X and SpaceX would move to Texas, after California introduced the new gender identity law.
At the time, Mr Musk called it “the last straw” in a post on X.
In response, California’s Democrat Governor Gavin Newsom posted on X “You bent the knee,” along with a screenshot of a 2022 post from former President Donald Trump criticising the billionaire.
In 2022, Mr Musk bought Twitter for $44bn (£34.4bn) and immediately set about making changes at the company, including cutting jobs and reducing content moderation on the platform.
He moved Tesla’s headquarters to Texas in 2021 and is a resident of the state – which has no income tax.
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