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Elon Musk declared that he's selling 'almost all' of his physical belongings and 'will own no house,' and that Tesla's stock price is 'too high'

May 1, 2020, 21:20 IST
Business Insider
Brendan Smialowski/AFP via Getty Images
  • Elon musk announced Friday that he's selling "almost all" his physical belongings, including his houses.
  • The billionaire Tesla CEO added that he "will own no house" in a tweet Friday morning.
  • 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."
  • Visit Business Insider's homepage for more stories.
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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 posessions." 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.

The announcement came amid a broader tweetstorm Friday morning. Musk, who's known for his eccentric online presence, fired off a series of tweets in which he continued his weeks-long rant against government-enforced shutdowns surrounding COVID-19 outbreaks.

Tesla's Fremont, California factory has been forced to shut down due to San Francisco Bay Area stay-at-home orders. He railed against the shutdowns in a shareholder call earlier this week, calling the shutdown orders "fascist" in a rant that was abruptly cut off when the call was disconnected.

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It's not clear why Musk wants to sell almost all his physical belongings, or where he will live once he "owns no house." A Tesla spokesperson did not immediately respond to a request for comment.

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