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Elon Musk Is Selling His "Last Remaining House", Is Looking For "A Large Family Who Will Live There"

Elon Musk Is Selling His "Last Remaining House", Is Looking For "A Large Family Who Will Live There"

NDTV
Monday, June 14, 2021 12:25:00 PM UTC

Tesla and SpaceX CEO Elon Musk said he wants the "special place" to go to a large family who will reside there.

Tesla and SpaceX CEO Elon Musk said on Monday that he has decided to sell the last house he owned. He said he wants the “special place” to go to a large family who will reside there. Mr. Musk said last week that he has only one house in the San Francisco Bay Area, which has been rented out for events. He has been tweeting and responding to his followers on the matter for a week after a report generated huge interest claiming that Mr. Musk and other billionaires such as Jeff Bezos and Warren Buffett pay little – or sometimes no – income tax compared to their massive wealth. Decided to sell my last remaining house. Just needs to go to a large family who will live there. It's a special place. Exactly. Only time I sell Tesla stock is when my stock options are expiring & I have no choice.Btw, I will continue to pay income taxes in California proportionate to my time in state, which is & will be significant. 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. Yeah, sold my houses, except for 1 in Bay Area that's rented out for events.Working on sustainable energy for Earth with Tesla & protecting future of consciousness by making life multiplanetary with SpaceX. Also, AI risk mitigation with Neuralink & fixing traffic with Boring. Mr. Musk's tweet came in response to a thread started by Pranay Pathole, an assistant systems engineer with Tata Consultancy Services, who regularly shares tweets on the Tesla and SpaceX CEO. In light of the ProPublica report, which said Mr. Musk paid no federal income tax in 2018 and paid very less by billionaire standards in 2015 and 2017, the Pune-based Pathole had sought to address the complex financial matter himself and shared his ideas on how things were for the billionaire. Replying to his tweets, Mr. Musk partially addressed the curiosity about his tax planning, and said he will keep paying income taxes in California proportionate to his time in the US state, “which is and will be significant”.
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