The real reason behind Elon Musk’s decision to sell his seven mansions for a tiny house worth just $50,000 has been revealed.
The tech mogul has shed some light on the reason why he sold up his entire property portfolio and instead lives in a humble home.
Despite being the richest man in the world, the Tesla boss has a very unusual lifestyle for a billionaire.
Instead of living it up inside on a huge yacht or a super mansion, in 2020, Musk made the decision to get rid of almost all of his physical possessions.
Taking to his own social media platform X, formerly Twitter, he wrote at the time that he will ‘own no house’, before he put his collection of estates in the Bel Air neighborhood of Los Angeles on the market.
The modest home is only $50,000 (Boxabl)
Where does Elon Musk live now?
After the surprising move, Musk decided to move away from California to set up a home in Texas.
This was partly influenced due to the shift of operations by his companies.
The SpaceX founder tweeted: “My primary home is literally a ~$50k house in Boca Chica / Starbase that I rent from SpaceX.
“It’s kinda awesome though. Only house I own is the events house in the Bay Area.
“If I sold it, the house would see less use, unless bought by a big family, which might happen some day.”
In a 2022 podcast interview with Full Send, he added that his smaller home is ‘right next to the rocket factory’, so he could just ‘literally walk’ to the factory whenever he needed.
“When friends come to stay in it, they can’t believe I live in this house… I find if I am by myself, it is fine,” Musk continued.
He also told Joe Rogen that building a house, even a ‘really great house’, is not a good allocation of his time in comparison to ‘getting us to Mars and helping solve sustainable energy’.
Elon Musk revealed why he sold his entire property portfolio and instead lives in a humble home (ALLISON ROBBERT/AFP via Getty Images)
Musk decided to move into a 375-square-foot prefabricated home made by startup Boxabl, which cost around $50,000.
This compact ‘Casita’ model is supposedly designed for portability and affordability, with a living area, kitchen, bathroom, and bedroom.
Musk denies owning a ‘secret compound’
The New York Times reported in 2024 that Musk had purchased multiple properties in Austin for $35 million. He was rumoured to be building a massive compound for his 14 children.
“That way, his younger children could be a part of one another’s lives, and Mr. Musk could schedule time among them,” a source supposedly familiar with his plans said.
However, the tech mogul said to Page Six after the article was published that ‘I don’t own nor am I building a compound in Austin’.
“No grand family home has been built or is expected to be built,” he added.
However, Business Insider reported that Musk wants his SpaceX complex ‘Starbase’ to become an actual city in Texas.
The majority of SpaceX staff voted to include the surrounding area into an official city, which would span 1.5 square miles and house roughly 500 people.
In May, he won the vote to do so, as he tweeted that Starbase was ‘now a real city’.
Texas Gov. urged to release ‘intimate’ and ’embarrassing’ emails with billionaire Elon Musk
Requests to release the communications have been constantly rebuffed
Emails between Elon Musk and the Texas Governor’s office have been deemed ‘intimate’ and ’embarrassing’ in a bid for them to be released to the public, but officials are refusing to comply with requests from journalists.
Since predominantly moving away from California, San Francisco, and Silicon Valley, Elon Musk has taken many of his businesses to the state of Texas, basing primary operations for Tesla and SpaceX in the southern part of the United States.
Musk recently dropped the early stages of Tesla’s Robotaxi program onto key areas of Austin, and he even won a major vote to establish his own city named ‘Starbase’ for SpaceX operations south of Corpus Christi.
However, current Texas Gov. Greg Abbott has refused to comply with requests from The Texas Newsroom to release email communications with Elon Musk, despite significant public support for the matter.
How has Texas Gov. responded to the requests?
As reported by the New York Post, Greg Abbot and the governor’s office have repeatedly pushed back against requests from The Texas Newsroom to disclose email communication with Musk in a strange chain of events.
Greg Abbott and the Texas Governor’s office have repeatedly pushed back against requests to release communications with Musk (Brandon Bell/Getty Images)
The request itself was made to track and outline Musk’s ‘growing influence’ in Texas as a whole, especially following his aforementioned newly established company town, and it was requested that emails dating back to last fall were fully disclosed.
Initial communications saw the office request a fee of $244.64, indicating that it would take over 13 hours to review and share the email records, but upon receiving this payment it then revealed that all emails were in fact confidential.
The office then requested that Texas Attorney General Ken Paxton formally approve the withholding of these documents, with public information coordinator Matthew Taylor claiming that their release “would have a chilling effect on the frank and open discussion necessary for the decision making process.”
It has cited common-law privacy as the reason why the documents cannot be released, but public records attorney Bill Aleshire has argued that this is typically reserved for protecting the identity of children or health records, not communications with wealthy individuals over business interests.
Emails between Musk and the Texas Governor’s office contain information that is ‘intimate’ and ’embarrassing’ (Andrew Harnik/Getty Images)
Taylor wrote that the records detailing the office’s communication with Musk contain “information that is intimate and embarrassing and not of legitimate concern to the public, including financial decisions that do not relate to transactions between an individual and a government body.”
What exactly this ‘intimate’ and ’embarrassing’ content could amount to is entirely unclear, but what does remain obvious is that both the governor’s office and Musk’s team will do as much as possible to prevent their release.
Unfortunately, a recent Texas Supreme Court ruling has made it so that only the Supreme Court itself can determine whether high-ranking officials are in breach of public information laws, making it incredible difficult to legally push against efforts that are currently being exhibited by the governor’s office.
Elon Musk confirms the real reason he wore sunglasses throughout the entire CPAC conference
Onlookers were shocked by his ‘bizarre’ appearance
Elon Musk is never far from the news these days, but alongside allegations he’s secretly fathered a 13th child and his ex making public pleas to him on X, these are just a few of the reasons he continues to grab headlines.
When he’s not trying to rescue astronauts from the International Space Station or batting off accusations from his own father that he’s a bad dad, Elon Musk is taking his role as the head of the Department of Government Efficiency very seriously. Although it’s not an official position within the White House, Musk has certain powers as a “special government employee.”
The head of the DOGE has vowed to try and slash $2 trillion from government spending, but as well as facing some severe backlash from the public, he’s also been ordered to destroy financial information on millions of Americans.
Musk stole the show at CPAC (Andrew Harnik / Staff / Getty)
Musk recently sent shockwaves around the world by putting Medicare in his crosshairs at the Conservative Political Action Conference, but this was far from the conference’s wildest moment involving the world’s richest man. During one bizarre interaction, Argentinian President and Trump ally Javier Milei presented Musk with a gilded chainsaw. While taking to the stage with Newsmax host Rob Schmitt on the second day of CPAC, Milei gave Musk the chainsaw as a metaphor for the cuts he’s making to the federal government.
When we thought the Tesla CEO being handed a sci-fi picture of himself was the strangest moment, Musk was keen to top it.
Others were confused by Musk’s general appearance and why he spent the entire right-wing conference wearing a pair of oversized sunglasses.
Wearing sunglasses and a gold chain, Musk also sported a top that read, “I’m not procrastinating I’m doing side quests.”
Musk became a series of soundbites, saying, “I am become meme,” at one point and then adding, “My mind is a storm.”
Critics said he could barely string a sentence together, and while Grimes was trending at the time, the second trending topic was ‘ketamine’ as X was flooded with claims that the billionaire had taken an illicit substance.
At least we’ve gotten to the bottom of why he was wearing sunglasses, with Musk confirming it was related to a promise in 2024 that he made if Donald Trump was elected President again.
In another memeworthy rant, Musk doubled down on Trump’s claims that the Fort Knox gold depository isn’t real. The POTUS said he wanted to visit the military base to make sure the gold is there,” while Musk expanded at CPAC by saying: “We just wanna see it and make sure somebody didn’t spray paint lead or something.”
Musk was followed on the stage by former Trump advisor Steve Bannon, who has called Musk a ‘parasitic illegal immigrant’ that “wants to impose his freak experiments and play-act as God without any respect for the country’s history, values or traditions.” Although some were hoping for a Mike Tyson and Logan Paul-inspired clash between the pair, they didn’t share the stage.
Despite his critics, Musk got some of the biggest cheers of the conference and earned many a standing ovation.
Source: https://www.uniladtech.com
