After selling off his entire property portfolio, the third-richest man in the world says he’s now renting a 37-square-metre unit in Texas.

As one of the worlds richest multi-billionaires, Tesla CEO Elon Musk could afford to live anywhere, in any sort of lavish abode he desires.
But he seems to have delivered on a vow to exit California and “sell almost all physical possessions including six Californian mansions in the pursuit of freedom.
Musk who has an estimated net worth of $162 billion, per Forbes is now living in a US$50,000 (NZ$72,000), 37-square-metre prefab guest house in Boca Chica, Texas, where his SpaceX headquarters are located.
Tesla CEO Elon Musk seems to have delivered on a vow to exit California and “sell almost all physical possessions including six Californian mansions in the pursuit of freedom.
He announced the news in a tweet last month: My primary home is literally a ~$50k house in Boca Chica/Starbase that I rent from SpaceX. Its kinda awesome though, he said.
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He continued: 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.
Although, he joked in a reply to another tweet that his rental might now be worth US$69,000 because of some home improvements hes made.
The Casita is an accessory dwelling unit (ADU) made by housing startup company Boxabl that is only about 37 square metres.
The houses are set up like studio apartments, with a full-size kitchen and bathroom, featuring a sliding glass barn door, on one side, and a living area and bedroom on the other.
The kitchen island extends around a corner to double as a dining table for two. The built-in wardrobe/shelving doubles as a half wall between the bedroom and living space, with a TV placed on top.
A washing machine and dryer is tucked into the remaining corner by the bathroom, with no inch of space unaccounted for.
According to the website, the foldable prefabricated homes are towed into site and assembled in just one day, popping out a fully-equipped interior. Marketing by the company also shows that multiple Casitas can be joined or stacked to create different layouts.
Though this has yet to be officially confirmed, the company hinted in a promotional video posted last November that they had installed a unit for a top-secret customer.
They appear to have been courting Musk for over a year, asking in an April 2020 video: Should we make space-Boxabls for Elon Musk? Or solve the worlds affordable housing crisis? Why not both?
Fan blog Teslarati first discovered the connection between the startup and SpaceX, Musk’s rocket firm, which has been met with staunch resistance in the small seaside town near the Mexican border and Gulf of Mexico beaches.
Boca Chica locals who have refused to sell their houses are accusing Musks company of bullying, according to the Wall Street Journal.
The 50-year-old moguls move comes more than a year after he announced on Twitter he will own no house.
Musk has since fulfilled that promise, selling most of the properties in his real estate portfolio. Most recently he listed his special place in San Francisco, tweeting the US$37.5 million estate just needs to go to a large family who will live there.
There are some unanswered questions about Musk’s specific living situation. Can we assume his girlfriend Grimes is there too? Is she getting her own box? What about the baby?
Boxabl is looking for investors, and it’s likely the company will find them following Musks announcement, if the mogul hasnt already bankrolled the company himself. Given his propensity for futuristic inventions, it’s not hard to imagine a formal partnership will eventuate.