Elon Musk reportedly wants to be his employees’ landlord

Elon Musk is reportedly attempting to build a company town where Tesla, Boring and SpaceX workers might live. The mooted town, which is around 35 miles away from Austin, Texas, would likely be called Snailbrook, The Wall Street Journal reports.

The publication unearthed documents that lay out plans to build 110 homes next to Boring and SpaceX facilities in Bastrop County. The report states that Boring employees were invited last year to apply for housing, with rents expected to start at around $800 per month for a two- or three-bedroom home. The median rent in nearby Bastrop is around $2,200 a month, so the workers would be paying below-market rates.

Still, employees who lived in the town would be further beholden to Musk. In addition to receiving a salary from his businesses, they’d be paying him rent. They’d have 30 days to leave the home were they to get fired from Boring or otherwise depart from the company, the report notes. Executives have discussed inviting workers from Musk’s other companies to apply for Snailbrook housing too — Tesla’s Texas Gigafactory is around a 30-minute drive from the …read more