According to rumours, Elon Musk wants to be his employees' landlord

 According to The Wall Street Journal, he is attempting to develop a company town for employees of Tesla, Boring, and SpaceX in Texas

Elon Musk apparently wants to create a corporate community where employees of Tesla, Boring, and SpaceX may dwell. According to The Wall Street Journal, the proposed community, which is around 35 miles from Austin, Texas, would probably be called Snailbrook.

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

Yet, residents in the community would have even more ties to Musk. They would pay him rent in addition to a wage from his businesses. If they were fired from Boring or otherwise left the company, they would have 30 days to move out of the house, according to the report. Tesla's Texas Gigafactory is about a 30-minute drive from the town of Bastrop, so executives have talked about encouraging employees from Musk's other firms to apply for Snailbrook homes as well.

The town's plans call for incorporation as well as the conversion of a house into a Montessori school for up to 15 students. With the latter, Musk would be able to dictate some policies to the city, which would also ostensibly need to organise a mayoral election. 

According to records, organisations connected to Musk have purchased at least 3,500 acres of land in the Austin region in recent years. Musk's former lover Grimes, his architectural designer Ye (aka Kanye West), and others apparently discussed concepts for the town multiple times last year; however, nothing came of those discussions.

Residents in the area have expressed concern about the projects' potential influence on the environment. According to the Journal, Boring has requested permission to release up to 140,000 gallons of industrial wastewater into the Colorado River each day. Concerns have also been raised regarding how testing of Boring's digging tools may impact wells and groundwater.