Table Of Content
- Chart: How much more will it cost you to own vs. to rent a home in the South Bay
- Purchased July 28, 2015 for $20,000,000
- Elon Musk's property portfolio – his unconventional real estate collection
- Sign up to the Homes & Gardens newsletter
- Want to stay up to date with boxabl?
- Photos: Elon Musk sells Hillsborough mansion…
- Gene Wilder's former home, Los Angeles
You’ll know what downsizing can look like and why life is still fulfilling when you live with less. If I sold it, the house would see less use, unless bought by a big family, which might happen someday,” Musk said on Twitter last month. The Model 3 is the cheapest available version of the car and is the only one with the capability to come in at less than Musk's tiny home. While the car starts at $41,190, pretty much any additional features will bring the total cost up to higher than $50,000.
Chart: How much more will it cost you to own vs. to rent a home in the South Bay
Acquired for $6.75 million in October 2013, Musk transformed this residence into a private school named AdAstra. The architectural charm of this estate, situated on a golf course, resonates with Musk’s vision of preserving Gene Wilder’s spirit. Last year, the Tesla CEO shared a photo of what appeared to be his bedside table on X — the photo included several cans of caffeine-free Diet Coke and what appeared to be two replica guns.
Purchased July 28, 2015 for $20,000,000
Tesla said Wednesday it will ask shareholders to reinstate CEO Elon Musk's $56 billion pay package, which a Delaware judge voided earlier this year after ruling that the record-setting compensation deal was "deeply flawed." Two days before the move to restore Mr. Musk’s status as one of the world’s richest people, Tesla told employees that it would lay off 10 percent of its work force, or about 14,000 people. Tesla will now provide shareholders more information about how the plan was devised and ask them to approve it again. That vote will take place as investors are increasingly worried about the electric car company because its sales are declining, and its stock has fallen more than one-third this year.
Elon Musk's property portfolio – his unconventional real estate collection
The billionaire revealed that his main residence is a $50K house that conveniently sits within walking distance of SpaceX's factory. However, despite its prime location, Elon shared that it was 'very small' in an interview for Fullsend podcast. Despite having unrestricted and unrivaled access to some of the world's best homes, the business magnate publically vowed to 'own no house' and lives in a compact home worth $50,000 in Boca Chica, Texas. Last year, Musk expressed dissatisfaction with California over its Covid restrictions that restricted operations at the Tesla factory in the Bay Area, and sold off several properties in that state.
The biographer said he will explain why Musk decided to sell his other houses in his book on the billionaire, which will come out on September 12. The billionaire has said in the past that he wants to sell his belongings in order to help fund his plans to one day build a colony on Mars. Earlier this month, Musk tweeted that his primary residence now is a small rented house in Boca Chica, Texas, near SpaceX’s development and test site. Tesla also said it would ask shareholders to approve moving the company's incorporation from Delaware to Texas. The announcement Wednesday came days after the automaker said it would cut its workforce by 10%. Musk has been steadily offloading a property portfolio worth millions, as Insider's Avery Hartman reported in November.
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Since then, he has offloaded his multi-million dollar estate portfolio – including an eco-friendly futuristic home, and actor Gene Wilder's estate in California. This boomerang-shaped Elon Musk’s house in Brentwood, California, about 15 miles northwest of downtown Los Angeles was previously owned by Elon Musk. Musk paid just under $3.7 million for it in 2014, per the Variety-owned real-estate site Dirt.
Rare Photo of Elon Musk’s $50,000 Tiny Home in Boca Chica Texas - Observer
Rare Photo of Elon Musk’s $50,000 Tiny Home in Boca Chica Texas.
Posted: Mon, 07 Aug 2023 07:00:00 GMT [source]
Forbes noted that the sustainably-built home featured drought-tolerant landscaping, a tankless water heater, and other eco-friendly features that matched the billionaire’s climate-friendly business models. He made a slight profit in the sale and moved to a smaller residence in Texas. As one of the world’s richest men, Elon Musk can easily afford to drop hundreds of million of dollars on any lavish home he wants. Instead, the multibillionaire is living in a $50,000 tiny home in Boca Chica, Texas, where his SpaceX headquarters are located. But maybe Musk is onto something with this tiny home, which is reportedly from the compact home company Boxabl.
A few days after the June tweet where Musk said he only owns one house in the Bay Area, he put it up for sale. Situated on 47 acres of land, Musk’s Hillsborough estate is a 100-year-old mansion boasting 9 bedrooms and 9.5 baths. The architectural layout includes hiking trails, canyons, a ballroom, and a reservoir, showcasing Musk’s appreciation for expansive and nature-integrated living spaces.
Gene Wilder's former home, Los Angeles
It's unclear if Musk is paying rent to Howery, the Wall Street Journal reported. Musk is the richest person in the world, after having founded Tesla and SpaceX. As a result, Musk can certainly upgrade his main residence whenever he wants to.
The Motley Fool is a USA TODAY content partner offering financial news, analysis and commentary designed to help people take control of their financial lives. To get started, we’ve assembled a comprehensive guide that outlines everything you need to know about investing in real estate - and have made it available for FREE today. Regarding the space-travel mission of Elon Musk, some residents of Boca Chica aren't too thrilled about Musk's SpaceX launchpad being located amid a wildlife refuge in a sleepy beachside community. Prior to Musk's SpaceX arrival, Boca Chica was as unspoiled and 'green' as you could get. Now bird populations are threatened and public beaches are often closed in the name of progress.
Rare photo shows inside of Elon Musk's $50,000 house - Business Insider
Rare photo shows inside of Elon Musk's $50,000 house.
Posted: Mon, 07 Aug 2023 07:00:00 GMT [source]
Howery told The Wall Street Journal after publication that Musk does not live in his home. "He lives in South Texas. He stayed at the house as my guest occasionally when traveling to Austin," Howery said. That $45,000 price tag is extremely low for a U.S. home, with the median listing price reaching $450,000 in June, according to Realtor.com. Musk didn't mention when the house was bought, which could have occurred prior to the run-up in home prices during the pandemic.
At one point, Musk owned several properties across the greater Los Angeles area collectively worth over a whopping $70 million. He started by renting the same house in 2010; he lived there with his family. This Elon Musk house has 20,248 sprawls over square feet with a total of seven bedrooms and thirteen baths. The billionaire reportedly held a real estate portfolio worth $100 million at one point, although in 2020 he declared on Twitter that he was selling his properties and vowed to "own no house."
Tesla connected the Delaware decision directly to its proposal, but it said that both Elon Musk and his brother Kimbal Musk, who also sits on Tesla's board, recused themselves from deliberations. The company also noted that "dozens of institutional stockholders" have told Tesla that they disagree with the Tornetta decision. The Tornetta decision, named after Tesla shareholder Richard Tornetta who brought the suit, prompted Musk to say, "Never incorporate your company in the state of Delaware." Tesla said the court decision created a "fundamental problem for the company."
The customer was apparently related to SpaceX because the house shown in the video had a poster of a SpaceX Falcon 9 rocket on the door. It was one thing for shareholders to approve his moonshot pay package in 2018, when it contained seemingly audacious goals and the market for electric vehicles was still Tesla’s to lose. In January, the same day the pay package was rejected, Musk asked his X followers if Tesla should reincorporate in Texas.
It remains unclear whether Musk is renting any other houses in Austin, though. It’s also unknown if he stays with his girlfriend, 32-year-old singer Grimes (who lives in Austin) and their 10-month-old child, X AE A-XII. Musk has five other children with his first wife, Justine Wilson, but it’s unclear where they live. Many believe that Musk's goal of selling his possessions was a way to show his dedication to eventually colonizing Mars, per Business Insider. "I think it is important for humanity to become a spacefaring civilization and a multiplanet species," the billionaire explained. "And it's going to take a lot of resources to build a city on Mars. I want to be able to contribute as much as possible to the city on Mars. That means just a lot of capital."
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