Musk Setting Up Town in 2023

Billionaire Elon Musk is planning to set up his own town outside of Texas capital Austin –the headquarters of his company Tesla, the Wall Street Journal reported, citing land records and deeds.

Musk wants to build a utopia along the Colorado River, for Austin-area employees of Tesla as well as SpaceX and The Boring Company, the report said. The planned town will be called Snail brook – a nod to The Boring Company’s mascot Gary the Snail.

Musk and his executives want to incorporate the town in Bastrop County, which is located nearly 35 miles from Austin, according to the report. So far, the county hasn’t received any application from them.

WSJ reported that over the last three years, parties linked to Musk’s companies or executives have bought over 3,000 acres of land in the Austin area.

Lately, his focus on Tesla has been called into question as he also continues to be at the helm of Twitter. Tesla shares slumped in 2022 but bounced back this year, rising nearly 67 percent and taking Musk back to the top of the global rich list.