💬 Quoted… "A sort of Texas utopia along the Colorado River, where his employees could live and work.”

Per a WSJ report published yesterday, Elon Musk is planning to build his own town. It’ll reportedly be called Snailbrook, and set on part of thousands of acres of newly-purchased land 35 miles southeast of Austin, Texas.

• Sources told the Journal that Musk and top executives at Tesla, SpaceX, and The Boring Company want their Austin-area employees to be able to live in new homes with below-market rents.

🏦📉 Stat of the Day: $52 billion = the combined market value lost by the four biggest US banks yesterday; the selloff occurred after Silicon Valley Bank said it was forced to raise nearly $2 billion following a larger-than-expected decline in customer deposits (which could get worse in the coming weeks). SVB's stock dropped more than 60% on the day.

🤯 Did You Know?... There’s a type of strawberry called Bijin-Hime that sells for $500 per strawberry; the species is only grown by Japanese strawberry farmer Mikio Okuda, and is world-renowned for its large size, perfect shape, and juicy flavor.

📖 Worth a Read: Jaded with education, more Americans are skipping college → (AP News)