Elon Musk May Be Planning To Build His Own Airport In Texas

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Elon Musk might build his own airport outside of Austin, Texas, media reports say.

According to sources, Musk is making plans for a new private airport, Teslarati reported citing Austonia.

Allegedly, the concept plans are said to be finalized.

The airport will be near the east of Austin near Bastrop, Texas.

A private airport would aid Musk and his companies, especially since three of them have a presence in Austin. Tesla relocated its global headquarters in Austin and so did The Boring Company, the report said.

It is not known how much space the CEO would need for a private airport; however, the Austin Executive Airport has over 130,000 square feet of community hangar space. It also has a 6,025-foot runway.

The report mentioned that building an airport is a very long-term project as airports need both EPA and FAA approvals.

Meanwhile, Tesla reported $16.9 billion in revenue for the second quarter, down from $18.8 billion in the first quarter this year.

Tesla reported $2.3 billion in second-quarter profit, below its record quarterly profit of $3.3 billion in the first quarter this year.

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