Elon Musk lives in tiny house that cost less than his Tesla

The billionaire, who is worth around $217 billion, has revealed what his humble home looks like after selling off most of his real estate assets.

Elon Musk is one of the richest men in the world, yet it’s been revealed that he lives in a pop-up home worth just $US50,000 ($A67,000).

The billionaire owner of electric car manufacturer Tesla has amassed a fortune that sits at $US163 billion ($A217 billion), according to Forbes, but his humble home is worth less than some Tesla models.

The SpaceX CEO revealed he had sold most of his $US100 million ($A134 million) real estate portfolio, flagging back in May 202 that he was starting to sell all his physical possessions, with his final nine bedroom mansion being listed just last month.

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From a nine-bedroom mansion to living in a pop-up house this size. Picture: Boxabl

The size of Elon Musk’s rumoured house. Picture: Boxabl

A view of Boxabl from above and potentially what Elon Musk is living in. Picture: Instagram

The kitchen inside the Boxabl. Picture: Boxabl

He said he had put his San Francisco home on the market on June 14, with the mansion rented “out for events”, for a whopping $US37.5 million ($A50 million). Mr Musk had initially purchased the home in 2017 for $US23.4 million ($A31.2 million).

But he revealed in a tweet that he is now living in a humble home worth $67,000 that he reportedly rents from SpaceX on its launch site in Boca Chica, Texas.

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.

— Elon Musk (@elonmusk) June 9, 2021

The house, which is a constructed from a box in just one day, measures a modest 35sq m and includes the bare essentials such as a living area, bathroom, bed and kitchen.

Musk’s tiny house is believed to have been produced by Boxable. The Las Vegas based company’s houses are designed for affordability and ease of construction and look like a studio apartment, although they are also customisable.

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The living room is adjacent to the bathroom and laundry area. Picture: Boxabl

The bathroom even includes a tub. Picture: Boxable

A Boxabl being folded and shipped. Picture: Boxabl

The company’s co-founder, Galiano Tiramani said the idea for the first house was initially to overcome shipping issues but they soon realised its huge potential.

“The goal of the company is to mass-produce housing on a scale and at a cost that’s never been done before,” Mr Galiano told The New York Post.

“We want to make housing dramatically more affordable for the world.”

Boxabl’s first design, called the Casita, was pulled by a Tesla Model X in a promotional video although the company warned viewers not to try this at home.