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'

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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'
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.

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.

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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.

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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