This whole story is related to a promise Musk made a year ago that he would sell all of his real estate and a significant portion of other property. The entrepreneur made the promise in response to criticism about his considerable fortune.
“Decided to sell my last house. It just has to go to the disposal of a large family, it will live there. It’s a special place,” Musk wrote on Twitter.
With the sale of his last home, Musk has no residential property left in his possession. He himself has been living in Texas since last year, where he rents a house from the SpaceX company he controls for $50,000.