Did Billionaire Elon Musk Sell All His Mansions To Live In A $50,000 House?
Portfolio Pulse from Chris Katje
Elon Musk, CEO of Tesla Inc (NASDAQ:TSLA) and the world's second-richest person, has nearly completed his 2020 promise to sell his $130 million in real estate assets, now living in a $50,000 prefab home in Starbase, Texas, near SpaceX headquarters. The home, produced by Boxabl Casita, is a foldable prefab unit. Musk's move aligns with his low carbon footprint lifestyle and positions him closer to the operations of Tesla and SpaceX. Boxabl could see increased attention and potential collaboration with SpaceX for housing units.
June 25, 2021 | 4:30 pm
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Elon Musk's decision to live in a $50,000 prefab home near SpaceX and Tesla's new Texas factory could positively influence Tesla's public image, showcasing Musk's commitment to sustainability and hands-on leadership.
Musk's lifestyle choices and proximity to Tesla's operations in Texas could enhance the company's reputation for sustainability and innovation, potentially attracting positive attention from investors and consumers.
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