Elon Musk company properties in Texas valued at $2.5 billion

Posted on AllSides December 8th, 2023
From The Left
Suzanne Cordeiro / AFP via Getty Images

Elon Musk’s footprint in Texas keeps getting bigger.

The appraised value of properties in the state owned by the billionaire’s companies has climbed in recent years to at least $2.5 billion, according to county land appraisal data aggregated by NBC News. 

An analysis of the data shows that the appraised value of Musk’s companies’ land holdings has grown over 400% in the past five years, a combination of investments in the land and rising real estate prices. Most of that rise can be attributed to two major investments: Tesla’s Gigafactory...

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