In a reflection on his entrepreneurial journey, tech magnate Elon Musk offered a glimpse into the mindset that led him to launch two of the world’s most groundbreaking ventures: Tesla and SpaceX. Speaking on his early years of founding these companies,

It's unclear if Elon Musk ever figured out how to wear a cowboy hat, but 2024 is the year the billionaire went all in on Texas. While Tesla laid off almost 2,700 Texas staffers in the spring as part of a global workforce shedding, the automaker still hired and expanded more in the state this year.

Sales of the company’s cars are flagging, but investors are focusing on the potential of autonomous driving and Mr. Musk’s ties to President-elect Donald J. Trump.

Tesla, Musk’s only publicly traded company, has seen its stock price gain nearly 90.8 percent since the election to around $480 a share, reflecting investor sentiments that its CEO’s newly-minted alliance with the president-elect will be fruitful for the EV maker, which is now worth over $1.4 trillion.

Elon Musk's plan for a SpaceX employee town, Starbase, is moving forward as workers in South Texas petition to incorporate it. The 1.5-square-mile community will house 500, mainly SpaceX staff and their families.

Starbase will be located in coastal South Texas which is home to the SpaceX rocket launch facilities. If the city comes into existence, it will be a first for any company or business leader in the world.