“Elon Musk just declared that he’s selling almost all his physical belongings and ‘will own no house,’ and that he thinks Tesla’s stock price is ‘too high’ ” Business Insider

© AP Photo/Jae C. Hong Tesla CEO Elon Musk. AP Photo/Jae C. Hong
  • Elon Musk announced Friday that he’s selling “almost all” his physical belongings.
  • The billionaire Tesla CEO tweeted that he “will own no house.” He currently owns at least seven houses worth over $100 million total.
  • Musk also used Twitter to continue to rail against government shutdowns amid COVID-19, and added that he thinks the stock price of Tesla is “too high,” which appeared to trigger a selloff Friday morning.
  • Visit Business Insider’s homepage for more stories.

Billionaire and prolific Twitter user Elon Musk is rethinking his attachment to the material world — and said a first step wil be selling “almost all physical po sessions.”

He also said that he thinks the stock price of Tesla is “too high” — a tweet that was followed by a sharp drop in the share price of the electric car manufacturer. Tesla’s stock was down 9.3% as of this writing.

Musk followed up with a tweet that his girlfriend, songwriter and producer Grimes, is mad at him.

His remarks came amid a broader tweetstorm on Friday morning. Musk, who’s known for his eccentric online presence, also continued his weeks-long rant against government-enforced shutdowns in response to COVID-19 outbreaks.

Tesla’s factory in Fremont, California, has been forced to shut down because of a shelter-in-place order in the San Francisco Bay Area.

He railed against the shutdowns and orders in a shareholder call earlier this week, calling them “fascist” in a rant that was abruptly cut off when the call was disconnected.

It wasn’t clear why Musk would want to sell almost all his belongings or where he would live once he owns no house. A Tesla representative did not immediately respond to a request for comment.


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