Photo: ULMER Pressebildagentur
Elon Musk has moved his private Musk Foundation to Austin, Texas, which could be an additional indication that the ingenious engineer might move to Texas.
The Musk Foundation, which was based in California, created an entity in Austin and merged with it in October, according to a certificate of merger filed by the Texas secretary of state, BNN Bloomberg reported. The organization is now based in Austin.
The Musk Foundation is a private grantmaking foundation founded in 2002 by Elon Musk and his brother, Kimbal. Although the foundation makes grants in support of only five areas, those who desperately need help outside of these areas also receive it.
The Foundation has donated to non-political causes, including $480,000 in grants for water filtration in Flint, Michigan, and $424,000 to supply laptop computers to Flint middle-schools. Other recipients of Musk Foundation grants include international aid nonprofits such as Doctors Without Borders, which was given $100,000 in 2012 alone; healthcare organizations such as World Spine Care, and the co-educational Mirman School for Gifted Children also have received aid.
According to close friends and associates of Elon Musk, he plans to move to Texas, which is a logical step, given that SpaceX and The Boring Co. are located there, and the Tesla factory will soon begin operation.
Over the years, Musk has flown between Los Angeles and Austin in order to develop both of his companies, which in reality can create many additional problems, including wasting time on flights. Moving to Austin could greatly improve this situation.
© 2020, Eva Fox. All rights reserved.
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About the Author
Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.