Musk plans to build his own city near the Texas capital

Tesla founder and Twitter CEO Elon Musk is reportedly planning to build his own city using recently purchased farmland outside of Austin, Texas.

Musk envisions a "utopia" settlement in which his employees would live and work, the Wall Street Journal reported. Realtors working with Musk say he would like to create a situation wherein his employees at Tesla, SpaceX, and Boring might live for below-market rental costs.

At present, the "town" includes some modular homes, a pool and other outdoor amenities. It is situated between the Boring and SpaceX facility construction sites. At least 110 homes are reportedly planned.

The scale of the proposed projects remains unclear, with the Journal describing it as a "town" but observing that Musk has discussed expanding the settlement on the scale of an entire city.

Musk-linked entities have purchased at least 3,500 acres of land around Austin, though some local realtors have speculated the billionaire may control as much as 6,000 acres.

The electric vehicle mogul moved to Texas in 2020 after previously launching development projects for SpaceX and Tesla in the state. Tesla's corporate headquarters is in Austin.

Ben Whedon is an editor and reporter for Just the News. Follow him on Twitter.