Elon Musk's cheap house in Texas is believed only cost $50,000. Recently, various reports claimed that the popular tech CEO is only renting this place near SpaceX's Texas spaceport. 

Tesla's owner announced his home transition after he started to sell most of his properties.

"My primary home is literally a ~$50k house in Boca Chica / Starbase that I rent from SpaceX. It's kinda awesome though," said Elon Musk on his tweet, which was posted back in July 2021.

He even jokingly said that after he improved the house, it reached $69,000. However, some new reports claimed that he is living in an expensive mansion owned by one of his rich friends.

Elon Musk Lives in an Expensive Mansion?

According to the Wall Street Journal's latest report, the billionaire is not really living in a cheap, rented house. Instead, it is currently believed that he is actually staying at a luxurious mansion owned by Ken Howery, one of the co-founders of PayPal.

Also Read: Tesla's Elon Musk and Block's Jack Dorsey on Web3 | Owned by Venture Capitalists and Not Decentralized?

Howery, who is well known as "Kenny," served as a U.S. ambassador to Sweden during the first half of former President Donald Trump. He has also traveled across the globe, doing insane activities, such as chasing tornadoes.

Since this is the case, he left his expensive mansion, allowing Musk to stay in the place. When it comes to the actual luxurious mansion, it includes around 8,000 square feet of interior space.

If you want to know more details about the mansion, you can click this link.

Is This True? 

Musk and Howery haven't made any comment about this new rumor. However, Forbes reported that the latest detail about where Elon lives was provided by two anonymous individuals, who know the CEO's living arrangement. 

On the other hand, Tesla's boss is also rumored to window-shopping some Texas houses. As of the moment, the best thing that fans can do is to wait for the billionaire's confirmation. 

In other news, Musk had a feud with Senator Warren over Facebook ads. On the other hand, the CEO also teased the new enhancements for Starlink flights.

For more news updates about Elon Musk and other stories related to him, always keep your tabs open here at TechTimes.  

Related Article: Elon Musk Paid $11 billion in Taxes, Wants a Change in Collection Method to Keep Taxpayers Happy; But How?

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Written by: Griffin Davis

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