Cover CEO of Tesla and Space X Elon Musk attends the 2015 Vanity Fair Oscar Party. (Photo: Getty Images)

Elon Musk rents his simple, fold-out home from a startup company called Boxabl

Elon Musk is the third richest person in the world with a net worth of about US$167.3 billion. So it's only normal to assume he'd be living in a mansion. However, it's quite the opposite.  

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Recently, Musk decided to sell most of his real estate portfolio to focus all his resources on his mission to get to Mars and his other companies.

In fact, he recently revealed that he lives in a 375 sq ft prefab in Boca Chica, Texas. He admitted in a tweet that his home costs US$50,000 and that he rents it from Spacex.

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Of course, fans were pretty impressed at the way Musk was living and did some digging. They managed to find out that Musk is reportedly living in a home from Boxabl. 

Boxable is a company that aims to lower the cost of homeownership for people. They provide fold out homes that can be set up just about anywhere in a matter of hours.

Their homes come with all the necessities that one could possibly need such as a full-sized kitchen, a bathroom, living room and more.

They started their company with a basic Casita home. However, Boxabl is in the process of creating designs that will fit the needs of different-sized families.

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Musk reportedly rents this unit from his company, SpaceX, which has a testing facility as well as a manufacturing space in the area. 

Though Boxabl has yet to confirm if Musk is living in one of their homes, they have provided a lot of information online about their company, giving us a good idea of what his home likely looks like. 

It seems like his home has an open floor plan with a kitchen, bathroom, living room, laundry area and bedroom. Basically, everything one would need to survive.  

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Musk's living conditions seem to be a result of a promise he made last year.

In May 2020, Musk tweeted that he would be selling almost all his physical possessions and would "own no house".

Since then, he has begun listing his various properties with the first being his two homes in Los Angeles. He then sold four other of his Bel Air properties. 

Musk still owns a 16,000sqft mansion in the Bay Area. However, it is listed on the market for US$37.5 million.

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