Like any other object, text objects can be moved, rotated, erased, and copied. You also can mirror, or make a reverse copy of, text. If you do not want the text to be reversed when you mirror it, you can set the MIRRTEXT system variable to 0.
Text objects also have grips for stretching, scaling, and rotating. A text object has grips at the lower-left corner of the baseline and at the alignment point.
The effect of a command depends on which grip you choose.
Changing Single-Line Text
Changing Multiline Text
Changing Text with a Leader