Elon Musk is losing his influence over the crypto crowd

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Markets Insider 03 July, 2021 - 06:01am 30 views

What is baby Doge Crypto?

Baby Doge is the new favourite of crypto enthusiast and Tesla CEO Elon Musk. What is it? A spinoff of already existing meme cryptocurrency Dogecoin. Yepp, the joke has gone too far. Cryptocurrencies have truly exploded in 2021 and alternative tokens or alt coins are dominating the scene. India TodayWhat is Baby Doge? Meet Elon Musk’s new favourite cryptocurrency

He's speculated to be living in a prefabricated home made by the housing startup Boxabl.

The billionaire appears to be keeping a promise he made in May last year to "own no house."

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Tesla CEO Elon Musk - the world's second-richest man, with a net worth of about $185 billion - said in a tweet in June that he rented a home in Boca Chica, Texas, that costs $50,000.

On Thursday, Musk provided some more context about his housing situation. In response to a tweet showcasing a prefabricated home by the housing startup Boxabl, Musk wrote, "I do live in a $50k house, but not this specific one."

In November, Boxabl posted a video of a unit it was building in Boca Chica. The home was for a "top-secret customer," the company said. It had a poster of a Falcon 9, a partially reusable rocket built by Musk's SpaceX, on its door.

Boxabl, based in Las Vegas, aims to mass-produce low-cost housing. It creates homes that are delivered in a box and can be set up in a day.

Musk appears to be keeping a promise he made in a tweet in May 2020 to "own no house." Weeks later, five of his homes were listed for sale on Zillow. In late December, the Los Angeles Times reported that Musk had sold three of his adjacent mansions in Bel Air for a combined $40.9 million.

The SpaceX CEO said in June that he had only one house left in the San Francisco Bay Area that he rented out for events and was waiting to sell. It "needs to go to a large family who will live there," he said, because "it's a special place."

Boxabl and a representative for Musk did not immediately reply to Insider's requests for comments for this story.

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Elon Musk is the second richest man in world but he now lives in a $50,000 rented house

indy100 03 July, 2021 - 02:00pm

Despite being the second richest man in the world, Tesla CEO Elon Musk has revealed he lives in a rented home that costs $50,000.

In response to a tweet about a SpaceX home, the billionaire said:

Musk has a net worth of $185 billion, according to Business Insider. But instead of living in a lavish palace, Musk said last year that planned to sell almost all of his material possessions, including his homes:

Weeks later, five of his homes were listed for sale and by January, the LA Times reported that he had sold three mansions for a combined total of $40.9 million. That’s a lot of $50,000 houses.

Now, he has one more house to sell:

Media company Teslarati claims Musk’s home is in Boca Chica, Texas, near the SpaceX station. They said they had received a trip proving that a $50,000 house in the area was rented by Musk. They added that it was made by developer Boxabl, which mass produces low cost housing.

In December, he told the Wall Street Journal he was relocating full-time to Texas, which does not collect state income or capital gains tax for individuals. This provides further evidence that the Boca Chica home could be his...

Seems like billionaires can still be as tight as the rest of us.

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