10.6 C
New York
Monday, December 4, 2023

Advertising Exodus Could Cost X Up to $75 Million in Revenue

X, the social media platform formerly known...

Republican Party Selects Steve Scalise for Speaker Nomination, Delays Full Vote

On Wednesday, Louisiana Representative Steve Scalise just...

Musk denies reports that he is planning to construct a private airport in Austin, stating that doing so “would be foolish”

BusinessMusk denies reports that he is planning to construct a private airport in Austin, stating that doing so "would be foolish"

Elon Musk, a tech billionaire, has denied the rumours and stated that it “would be silly” to build his private airport outside of Austin, Texas. This comes after several media outlets reported that Musk may soon get the chance to build his airport.

The chief executive officer of Tesla and SpaceX criticised the proposals for the construction of a new private airport on the microblogging site, noting that the rumours are untrue.

“Not true. Tesla can be reached from the Austin International airport in under 5 minutes. It would be foolish to construct a second private airport, but the existing commercial airport in Austin requires an additional runway in order to accommodate the city’s rapid population growth.” Musk wrote.

According to the reports, the Austin Executive Airport has a runway that is 6,025 feet long and offers more than 130,000 square feet of space for community hangars.

In the meanwhile, a recent report said that the airport would be located someplace to the east of Austin, close to Bastrop.

It was stated that Musk and his firms would benefit from having their own private airport, particularly considering the fact that three of Musk’s companies already have a presence in Austin.

Both Tesla and The Boring Company have established their new worldwide headquarters in the city of Austin.

The manufacturer of electric vehicles recently reported revenue for the second quarter of $16.9 billion, which is lower than the revenue reported for the first quarter of this year, which was $18.8 billion.

It declared a profit of $2.3 billion for the second quarter, which is much lower than the record quarterly profit of $3.3 billion it achieved in the first quarter of this year.

Check out our other content

Check out other tags:

Most Popular Articles