If Tesla (TSLA) CEO Elon Musk wants to move Twitter's headquarters from San Francisco should he become owner of the social platform, there's at least one place that would gladly accept those displaced coders and marketers: Austin, Texas, the home of Musk's new Tesla Gigafactory.
"I am happy to have Twitter workers come here, too," Austin Mayor Steve Adler said on Yahoo Finance Live. "I want Mr. Musk to help us with those middle-skill jobs."
Musk acquired a 9.2% stake in Twitter (TWTR) in early April before striking a deal to buy the social media platform for $54.20 a share — or about $44 billion — a few weeks later. Musk, the world's richest person, initially committed about $21 billion of his own cash to the deal.
On Monday, Reuters reported that Musk was in talks with investment firms to secure additional financing so that he would not have to spend more of his own money, most of which is paper gains from his Tesla equity.
In any case, many in the tech industry are rooting for Musk to transform Twitter.
"Let's hope that an extraordinary company is built," noted tech investor Ann Winblad said at the Berkshire Hathaway annual meeting, where she was in attendance.
Speaking at the Milken conference, media mogul Byron Allen told Yahoo Finance Editor-in-Chief Andy Serwer that he hopes Musk uses Twitter "for the greater good."
Austin's Adler is welcoming any employees Musk brings to the region with open arms — and he would be keen on getting more semiconductor jobs into the region, too.
"We also have to increase the number of jobs to enable somebody to stay in the city when costs are going up," Adler said, "and chip manufacturing gives us a real opportunity."
Brian Sozzi is an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn.
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