What do you get for the billionaire who has everything? Perhaps his own town.
Entities connected to Elon Musk and his companies have reportedly been acquiring thousands of acres of land in Texas with the hope of starting a town where his employees could live and work, according to a report from the Wall Street Journal Thursday.
The report cites county deeds and other land records, as well as city and county emails, internal company communications, state licensing records and interviews with land owners and city and county officials. According to the report, Musk wants employees at his companies Boring Co., Tesla and SpaceX — all of which have major production facilities near Austin —"to be able to live in new homes with below-market rents." The Snailbrook effort also reportedly includes plans to build more than 100 homes, as well as neighborhood features such as a pool and outdoor sports area.
Musk in 2020 announced he would move Tesla's headquarters and his personal residence from California to Texas, blaming frustrations with California's coronavirus-related restrictions. Last year, Tesla opened a new Gigafactory manufacturing facility in Austin. Musk's SpaceX and Boring Co. also have facilities in Texas, and Boring Co.
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