On the microblogging site, the CEO of Tesla and SpaceX denied plans to develop a new private airport, saying the news is not true.
“That’s not true. Tesla is 5 minutes from Austin International Airport. It would be foolish to build another private airport, however, the existing commercial airport needs another runway, as Austin is growing rapidly!” Musk wrote.
According to reports, Austin Executive Airport has over 130,000 square feet of community hangar space and a 6,025-foot runway.
Meanwhile, a recent report claims the airport will be somewhere east of Austin, near Bastrop.
He said a private airport would be useful for Musk and his companies, especially since three of them are present in Austin.
Tesla moved its global headquarters to Austin and so did The Boring company.
The electric car maker recently posted revenue of $ 16.9 billion for the second quarter, down from $ 18.8 billion in the first quarter of this year.
It posted a profit of $ 2.3 billion in the second quarter, below its record quarterly profit of $ 3.3 billion in the first quarter of this year.