Elon Musk proposes the Texas Institute of Technology & Science – New York Post

Tesla CEO Elon Musk tweeted Friday that hes considering launching a new university: the Texas Institute of Technology & Science.

Its not clear how serious the mega-billionaire is, particularly considering the proposed schools obscene acronym and Musks reputation for joking on Twitter even to the point of violating securities laws.

That didnt stop netizens from seizing on the tweet, propelling the proposed schools acronym to Twitters top 25 trending list in the US on Friday.

Beyond jokes, Musk has a history of making raunchy acronyms in his business operations, including by planning the rollout of Teslas Models S, 3, X and Y vehicles to spell out S.3.X.Y. on the companys website.

When one Twitter user asked whether he had secured funding for the university, Musk responded, obv.

That could have just been a nod to Musks 2018 tweet in which he said he had funding secured to take Tesla private at $420 a share, which sent the stock price soaring and eventually led to a settlement between Musk and the Securities and Exchange Commission that was supposed to keep the mega-billionaire largely off Twitter.

In another follow-up tweet Friday morning, Musk said the proposed university would have epic merch.

Am thinking of starting new university:Texas Institute of Technology & Science

Musks own feelings about university, though, have been lukewarm. Hes repeatedly derided the experience, saying last year that colleges are for fun and to prove that you can do your chores, but theyre not for learning.

Hes also said Tesla wont have university requirements for jobs, because thats absurd.

Musk worth an estimated $302 billion has been ramping up his presence and that of his companies in Texas.

Last year, he announced that he was personally moving to the Lone Star State where theres no personal income tax and earlier this month he announced that his electric car company would move its headquarters to the Austin area as well.

Tesla will continue to expand its massive plant in Fremont, California, but Musk has said the company plans to begin production at its new factory in Austin next year.

Musks two other companies, SpaceX and The Boring Company, are both still based in Hawthorne, California.

But SpaceXs launch site, dubbed Starbase, sits in southeast Texas, near Boca Chica, an unincorporated seaside village in Cameron County. Musk has sought to expand the Starbase and actually create an incorporated US city in the area.

And The Boring Company has previously hinted of a similar expansion to Texas by teasing job postings in the state.

And theSan Antonio Express-News reported earlier this year that the company is in talks with San Antonio and Austin officials to create an underground transportation loop in Central Texas, like the one thatopened this summer in Las Vegas.

Musk isnt the only tech billionaire to expand his operations in Texas. Other major technology companies, including Oracle and Hewlett Packard, have left California for Texas in the past year.

State officials have been courting companies to make the move, dangling big-time tax breaks to put new facilities in the state through the Texas Economic Development Act.

And Austin, with its relatively low cost of living, strong university as well as popular events like South by Southwest, hasbeen a hot spot for tech companiesand their workers.

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Elon Musk proposes the Texas Institute of Technology & Science - New York Post