Elon Musk and his companies are acquiring thousands of acres of land in Texas to started town where the billionaire employees will live and work ,a report from Wall Street Journal said.

The properties have been purchased at least 3,500 acres here Austin as Elon Musk is in the process of working towards a town called Snail Brook.

Under this planning they are building more than 100 homes as well as neighbourhood features such as a pool and outdoor sports area.

Elan musk wants employees at his companies Boring co.Tesla and space X to be able to live in new houses with below market rents. All companies have major production facilities near Austin.

Earlier Elan musk announced that he would move teslas headquarters and his personal residence from California to Texas in 2022. factory manufacturing facility in Austin while space X and boring ko have facilities in Texas.