Elon Musk, with a net worth of over $156 billion, sold all his homes to live in this 400 square foot house valued at just $50,000

Elon Musk’s latest announcement is a further reminder that money is nothing but a tool and not a weapon that you use “As a Service” to improve the quality of your life, people you love, missions and causes you believe in, and to change the world by making positive impacts on the lives of others.

As we reported a little over a year ago, Tesla and SpaceX CEO Elon Musk pledged to sell almost all his physical possessions and own no house. In a tweet on May 1, 2020, Musk said: “I am selling almost all physical possessions. Will own no house.”

I am selling almost all physical possessions. Will own no house.

— Elon Musk (@elonmusk) May 1, 2020

Fast forward a year later, Musk is keeping his promise. This week, Musk said that he now lives at ~$50,000 house at Starbase, Texas, where his private space company, SpaceX, is manufacturing its Starships.

As you can see from the images of the home, it appears that the Tesla and SpaceX CEO with a net worth of over $150 billion is indeed living modestly in a prefabricated housing unit that’s only about 400 square feet.

According to Teslarati, the site that first spotted Musk’s housing unit in Starbase, Texas, the prefabricated home was designed by Boxabl Casita, a Las Vegas-based tech startup that is revolutionizing the housing markets by reducing construction costs by 40% and build times by 80%. We featured Boxabl back in November 2018 when the startup began the prototype production of a fireproof home system referred to by the company as the “Universal Building Box.”

Musk’s housing unit is foldable and designed for quick installations and maximum affordability. The 20×20 unit reportedly owned by Musk is priced at only $50,000, less than the cost of a Model Y Long Range Dual Motor AWD.

The Boxabl Casita is durable and it’s made of concrete panels and steel. It could be installed very quickly and transported easily, as well, with the home being light enough to be pulled by a vehicle like a Model X.

For those of you who’re curious to know what the inside of the house looks like, below is a video of the inside of the Boxabl instant house.

https://twitter.com/i/status/1318451177479045120