- Tesla CFO Zachary Kirkhorn has bought a $3.29 million home in West Austin.
- CEO Elon Musk has said he’s moving to Texas, and Tesla and SpaceX have large presences in the state.
- Texas, and Austin specifically, has attracted tech talent as remote workers move from closed offices.
- See more stories on Insider’s business page.
Another tech executive has turned their eyes to Texas.
Tesla CFO Zachary Kirkhorn has bought a home in Austin, according to public records, proving that the Southern state is further attracting tech talent. Bloomberg first reported the purchase.
The home is on a 2.5-acre lot right on Lake Austin, west of downtown. According to the listing, which you can view below, it has five bedrooms, five and a half bathrooms, and more than 5,000 square feet.
There’s also a pool lined with trees that faces the lake. Per Travis County documents, the home was purchased by Kirkhorn and his partner, Daniel Naughton. The pair married in early 2018 in California, according to the New York Times. Naughton is a vice president of finance at Remix, a transportation software company, based on his LinkedIn profile.
The document is dated mid-November 2020 and notes that Kirkhorn paid $3.29 million for the house.
Tesla did not immediately respond to Insider’s request for comment.
News of another executive moving to Texas comes after much speculation that tech workers are fleeing the San Francisco Bay Area and California in general. Many remote tech workers and leaders, now untethered from pandemic-shuttered offices, are free to move to more affordable locales.
Many are interested in Texas — a recent analysis from the commercial realty firm CBRE Group found that the number of people who moved from San Francisco to Texas increased by 32.1% between 2019 and 2020.
Austin in particular is attractive. Oracle recently announced that it is moving its headquarters to the city, where it already has a sizable workforce. Dropbox CEO Drew Houston has also said he’s moving to the city, and news surfaced in December that Musk purchased an industrial site for his Boring Company that is located just outside of Austin near his under-construction factory.
Tech is booming in the city, but the industry has a long history in Austin, with companies like IBM and Intel well-established around the city.
On Monday, Musk called for more housing to be built in Austin as his companies Tesla and SpaceX look to hire hundreds of employees in Texas. A growing interest in moving to Austin has exacerbated an existing housing shortage in the capital city.
Musk announced in December that he was moving to Texas, though it’s unclear where exactly he’ll be moving.
In March, he said he was working to launch a city at SpaceX’s launch site in Texas and name it Starbase.