Elon Musk is planning on creating a new city in Texas.
Musk's new city, which will be called Sneilbrook, will be situated near Austin, the state capital.
According to a report by The Wall Street Journal, the site where Musk's new city will be located has already been purchased. It will be a kind of Texas utopia, with employees of his companies living and working in the area.
The executives of Musk's various companies, such as Tesla and SpaceX, will reportedly be renting homes in the new city below the rent in Austin. Employees of Musk's companies will reportedly be paying around 800 dollars a month for rent.
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