Home| Features| About| Customer Support| Request Demo| Our Analysts| Login
Gallery inside!
Technology

In The Near Future, Elon Musk Plans To Build A Town For His Employees Called Snailbrook

March 10, 2023
minute read

Musk has repeatedly talked about downsizing and living in a modest house with no room for his mother when she visits. While it might have appeared that Musk was giving up the lavish life to focus on the work he enjoys the most, the Trade Algo report shows that Musk has been hiding a grand scheme through which he plans to own a thriving town in Texas, as he moved his headquarters there.

Elon Musk's Snailbrook

About 35 miles outside of Austin, the upcoming town has been named Snailbrook, a tribute to the company's mascot, as it is located about 35 miles from downtown Austin. There is, however, nothing that is happening at a snail's pace here. It has been reported that Musk company executives and building contractors have been asking for expedited permit approvals despite a lack of compliance by building contractors, according to a report published by Trade Algol. Several reports suggest that Musk has bought 3,500 acres of land, a size equal to four Central Parks near Austin, through four limited liability companies, that he has created through his limited liability companies. Land sale agreements were accompanied by nondisclosure agreements that were approved by the CEO and accompanied the land deal.

As part of the plans for the town, two-three bedroom homes will be built with a common pool, an outdoor sports area, and a gym as well. Musk has plans to build a residence in the area, but of course, it will be away from the employees and much more private. These homes have been offered to employees of the Boring Company for an affordable rent of $800 a month, which represents a substantial discount when compared to the median monthly rent in the area, which is $2,200.

While one might be tempted to accept this offer because it might be too good to pass up, one only needs to look back at the past to see the ill effects of such a plan. These towns and their schools were built by steel, coal, and textile companies in the past century as a way to provide jobs and education for their employees. It is only a matter of time before the organization assumes a monopoly over all aspects of education, including what goes on in the classroom.

There was a rampant practice of paying workers using self-issued money that was only valid within the premises when stores raised the price of essential goods in comparison to outside markets, which resulted in workers being paid in self-issued money.

Having acquired Twitter, Musk has vividly displayed a penchant for firing employees at will, as he has done in the past. One does not have to run their imaginations wild to get an idea of what would happen if he was also the landlord, with control over the utilities and the boss of the headmaster at the school your kids attend.

Tags:
Author
Valentyna Semerenko
Contributor
Eric Ng
Contributor
John Liu
Contributor
Editorial Board
Contributor
Bryan Curtis
Contributor
Adan Harris
Managing Editor
Cathy Hills
Associate Editor

Subscribe to our newsletter!

As a leading independent research provider, TradeAlgo keeps you connected from anywhere.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Explore
Related posts.