close
International headquarters

‘That would be silly’: Musk refutes allegations of building a private airport in Austin



After multiple outlets reported that Elon Musk may soon be building his private airport outside of Austin, Texas, the tech billionaire denied the rumors and said it would be “silly”.

On the microblogging site, the CEO of Tesla and SpaceX slammed plans to develop a new private airport, saying the news is fake.

“That’s not true. Tesla is 5 minutes from Austin International Airport. It would be silly to build another private airport, however, the existing commercial airport needs another runway, because Austin is growing fast!” Musk wrote.

According to reports, Austin Executive Airport has over 130,000 square feet of community hangar space and a 6,025 foot runway.

Meanwhile, a recent report says the airport will be somewhere east of Austin near Bastrop.

He mentioned that a private airport would be helpful for Musk and his companies, especially since three of them have a presence in Austin.

Tesla moved its global headquarters to Austin, as did The Boring Company.

The electric car maker recently reported second-quarter revenue of $16.9 billion, up from $18.8 billion in the first quarter of this year.

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

–IANS

vc/ksk/

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor

Rodney N.

The author Rodney N.