Elon Musk bringing Twitter to Texas? What’s next as billionaire dissolves board

A top Wall Street analyst expects Elon Musk to expand his footprint in Austin, Texas to include Twitter. The billionaire took the social media platform private on Oct. 28 after completing his $44 billion takeover of the business.

"This has become the foundation of the Musk ecosystem with Giga Austin," Wedbush Securities analyst Dan Ives told FOX Business. "We believe it's a matter of when not if Musk opens up a Twitter Austin office."

According to Ives, an office in the state capital would further solidify Musk's hub of operations in the Lone Star State and allow the social media giant to attract software developers in a key region. 

"Austin has become Silicon Valley 2.0," Ives added.

In addition to Tesla moving its headquarters to Austin and establishing its Giga Texas manufacturing facility, the electric vehicle maker also revealed plans to launch a retail electricity business, according to job listings posted in August.