Elon Musk recently sold off the last of his property after promising to not own any houses. The CEO now lives in a tiny 20x20 Boxabl home worth $50,000 in Boca Chica, Texas.

Elon Musk said he was selling all of his houses. Then, he moved to Texas. He recently said he lives in a $50,000 house, and it's true.

Musk tweeted that he sold most of his real estate in California and primarily lives in a $50,000 tiny home in Boca Chica/Starbase near SpaceX's facility.

During the podcast, Musk says the house initially cost about $45,000, but he's remodeled it, to include a converted garage that's now a third bedroom. This is not a tiny pre-fabricated home built ...

Since announcing he will "own no house," Elon Musk, the world's richest man, has downgraded to a $50,000 tiny home. Here are the benefits of living in one.