Would you want him as both a boss and a landlord?
Elon Musk (Photo: GettyImages)
What do you buy for a man who is so rich, who has everything?
And what does he buy for himself?
Maybe a city.
Factors related to billionaire Elon Musk and his companies have recently been purchasing thousands of dunams of land in Texas, on which a city is planned to be built - where the many employees that Musk employs in his business will live and work.
This is according to reports published in the Wall Street Journal and on the CNN website.
The entities that purchased the lands bought over 14 thousand dunams near the city of Austin, the capital of Texas.
According to reports, there are already talks to establish a new city that will be called snailbrook, a name that apparently nods to the snail figure that is the mascot of the tunnel mining company owned by Musk.
The Wall Street Journal published official documents of the district and the land registrar, as well as internal correspondence that reinforces the belief that Musk or entities on his behalf are purchasing the land in order to establish a new workers' city.
A move that would give him more power in front of regulators and federal authorities?
SpaceX facility owned by Musk (Photo: ShutterStock)
High-tech companies like Facebook and Google often offer their employees tempting conditions that will encourage them to stay longer hours in offices and campuses and work more hours.
If Musk's plan does come to fruition, then this is one step forward in this approach.
According to the report, Musk wants the workers at the companies he owns (mining company Boring Co., Tesla and SpaceX - all of which have facilities near Austin, Texas) to be able to live in "new homes with below-market rent."
The plan includes the construction of about 100 houses, along with public facilities such as a swimming pool and sports facilities.
One of the explanations put forward regarding Musk's motives is that establishing an entire city may give him more power and freedom of action in front of federal and regulatory authorities, with whom he has often had friction.
In 2020, Musk announced that he intends to move the headquarters of the Tesla company he owns and his private residence from California to Texas, due to his frustration with the Corona regulations that were introduced in the state of California at the time.
Last year, Tesla's huge manufacturing plant opened in Austin.
Mining company Boring and Musk's space company already have facilities in the area.
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