Good News For Austin Real Estate: Elon Musk Needs Double the Workforce

If you needed encouragement to move to take advantage of the burgeoning Austin real estate market and needed a job, a billionaire’s tweet might give you that additional push.

On Wednesday, Tesla CEO Elon Musk posted a tweet: “Over 10,000 people are needed for Giga Texas just through 2022!”

Already, Musk primed the market by declaring Austin had the potential to be the “biggest boomtown that America has seen in 50 years.”

In another tweet Tuesday, he urged people to move to South Texas for his aerospace company Space X. He wants to incorporate Boca Chica Village into a city called Starbase. The tweet even caught the eye of TMZ.

“Please consider moving to Starbase or greater Brownsville/South Padre area in Texas & encourage friends to do so! SpaceX’s hiring needs for engineers, technicians, builders & essential support personnel of all kinds are growing rapidly,” Musk tweeted.

In its report about the Brownsville/South Padre area, TMZ said: “We spoke to agents in the area who say there is a direct correlation between Elon’s tweets and an increase in real estate customers. In fact, one agent we spoke to called it ‘the Elon Musk effect’ … and for good reason.”

After Musk’s tweet, one agent told TMZ that he’s already sold seven houses to SpaceX employees from around the country.

See how Elon works? He creates need-and-demand. He’s done that with Tesla stock prices over the years. Now, he’s impacting Texas real estate.

Originally, Tesla estimated that it would need 5,000-plus jobs at its factory in southeast Travis County. But Musk must have realized that his factory, which will produce Model 3s, Model Y SUVs, Cybertrucks, and Semi-tractor-trailers — vehicles that speak to Texans — needed a larger workforce.

“This is a home run for the Austin region,” Laura Huffman, president and CEO of the Greater Austin Chamber of Commerce, said in a statement. “ … The need for 10,000 employees over the next year will offer life-changing opportunities for people to live, work and thrive in the best place to live in America.”