Tesla: Elon Musk Buys More Land In Texas Sparking Growth Rumours

Elon Musk is involved with a large real estate development that is adjacent to the Tesla Gigafactory Texas, despite the fact that it may not be for Tesla. Tesla already holds more property in Austin than any other location.

Tesla acquired a 2,000-acre site for roughly $100 million when it decided to establish its Gigafactory Texas in the outskirts of the city. The firm subsequently purchased numerous hundreds of acres around the location over the next several months. The factory is expected to be big enough to construct Tesla’s enormous lineup, including the Model Y, Model 3, Cybertruck, Tesla Semi, and other future models.

It will also house a battery cell factory, which is more than enough to accommodate Tesla’s future headquarters, now that the company has confirmed their relocation to Texas.

Elon Musk is now linked to another piece of property adjacent to the Tesla Gigafactory Texas site, but he is personally affiliated – thus it’s not confirmed to be related to Tesla.

The Austin Business Journal reports between 300 and 620 acres of land next to the Tesla land has recently been acquired by Horse Ranch LLC:

“Property records filed with the Travis County Clerk’s office indicate that a group called Horse Ranch LLC purchased up to 620 acres earlier this year from William McMorris Jr. and his wife, Susan, and Barbara Gill, on behalf of the estate of Robert Gill Jr. However, it wasn’t immediately clear exactly how many acres were transferred. Records filed with Travis Central Appraisal District corroborate some of the land purchases, though it only shows nearly 300 acres tied to Horse Ranch LLC.”

Horse Ranch LLC is managed by Jared Birchall, who works for Elon Musk’s family office. Musk also runs The Boring Company, Neuralink, and SpaceX, all of which are expanding into the Austin area. Any of those organizations may use the land. It’s also possible that it’ll be preserved, as Musk has mentioned about Tesla creating an “ecological paradise” on the Gigafactory Texas site.

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