Elon Musk Cuts Price Of 7-Bedroom California Home To…




Elon Musk has decided to sell the last homes he owns.

Elon Musk has slashed the offer price of a California mansion as the world’s richest man cut ties with the state.

According to a real estate posting in Zillow, the CEO of Tesla Inc.’s 16,000-square-foot Bay Area House was offered for 31 31.99 million, about 5 5.5 million less than the previous list.


Musk – who has more than 5 225 billion in assets according to the Blueberg Billionaires Index – tweeted in June that he had decided to sell the last homes he owned, more than a year after he announced plans to release most of them. His wealth as a way to break criticism.

The currently listed home in Hillsborough, California, has seven bedrooms and ten bathrooms on 47 acres of land. Originally built in 1916, it has a library and music room, with a completely restored layout kitchen and private pool.

Musk, 50, said in June that the house was rented for the event and that if he sold it, it would “see less use, unless a large family buys it, which could happen one day.”

The billionaire announced last week that Tesla would relocate its headquarters to Austin, Texas, citing how steep food prices in the San Francisco Bay Area and the company’s growth during long commutes are limiting. He did not raise his concerns with local health officials who temporarily halted his efforts to reopen the Tesla plant in Fremont last year.


He moved to Texas last year because his SpaceX company built his new Starship vehicle and Tesla’s new giga factory was under construction in Austin. Texas is Tesla’s third-largest market in the United States, second only to California and Florida, despite annual opposition from auto dealers to direct sales models. The state has no personal income tax, where California imposes the nation’s highest personal income tax on its wealthy residents.

(Except for the title, this story was not edited by NDTV staff and was published from a syndicated feed.)


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