Elon Musk has purchased many mansions since he became a millionaire, and then a billionaire in the last few decades – but in the past few months, he has sold all of them. Last month Musk made the news official, tweeting, “Decided to sell my last remaining house. Just needs to go to a large family who will live there. It’s a special place.” The reason behind the mass selling of all of Elon’s properties comes from a place of ambition and dreams to reach beyond the stars and progress humanity forward. Elon explained that to make it to mars and all his other projects every bit of capital would be helpful. In his tweet, he specified his other projects as “working on sustainable energy for Earth with Tesla & protecting future of consciousness by making life multi-planetary with SpaceX. Also, AI risk mitigation with Neuralink & fixing traffic with Boring.” With so many and such complex issues, I guess it only makes sense that the more money, the better. After all, a penny saved is a penny earned.
Since he has sold the homes, he has moved to Boca Chica, Texas, to be closer to Tesla’s new factory as well as SpaceX rocket launches. The location change is not the only changed Elon has made, in fact, his home size and style have changed as well. Currently, he lives in an extremely modest Boxabl Casita, a 400-square-foot prefabricated and foldable home – only costing $50,000. The home is so compact a Tesla Model X SUV could even tow it. What do you think about Elon’s box house – and would you live in it?
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.