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Elon Musk Really Is Selling His Homes

He's listed 2 of his Bel Air properties
By Rob Quinn,  Newser Staff
Posted May 4, 2020 2:04 PM CDT

(Newser) – Imagine no possessions—Elon Musk seems to be trying. The Tesla CEO may have been serious when he tweeted Friday that he is "selling almost all physical possessions" and "will own no house." Musk put two of his homes, both in Los Angeles' ritzy Bel Air neighborhood, on the market Sunday, the San Francisco Chronicle reports. One is a mega-mansion, listed for $30 million, and the other is a ranch-style home formerly owed by Gene Wilder on the same street, listed for $9.5 million. "Just one stipulation on sale: I own Gene Wilder’s old house," Musk tweeted Friday. "It cannot be torn down or lose any its soul." He also said Tesla's share price is "too high," causing it to drop around 10%.

Musk—whose child with girlfriend Grimes is due Monday—stands to make around $16 million in profit from the sales, despite the slumping LA real estate market, Bloomberg reports. If he does sell both, he'll still be a long way from owning no house: He owns three other properties in Bel Air and at least two others elsewhere, reports Business Insider. The billionaire obtained mortgages of around $61 million on five properties from Morgan Stanley in 2018, but he says the sales are unconnected to his financial situation. "Don't need the cash," he tweeted Friday. "Devoting myself to Mars and Earth." Possessions, he said, "just weigh you down." (Read more Elon Musk stories.)

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