Tesla CEO Elon Musk puts two Bel Air homes on market after vow to sell most possessions

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LOS ANGELES (BLOOMBERG) - Tesla Chief Executive Officer Elon Musk listed two of his California homes for sale Sunday (May 3), days after announcing that he would get rid of most of his possessions.. Read more at straitstimes.com.

LOS ANGELES - Tesla Chief Executive Officer Elon Musk listed two of his California homes for sale Sunday , days after announcing that he would get rid of most of his possessions.

Musk, 48, posted more than a dozen tweets in less than 75 minutes on Friday, including one in which he said he's selling"almost all" of his physical possessions.As for high-end Los Angeles real estate, it's not exactly a seller's market at the moment. Sales of luxury homes already were suffering from a supply glut and weak demand before the coronavirus pandemic stopped most showings.

With demand slowing, more and more would-be sellers are taking their homes off the market, said Beverly Hills real estate agent Jade Mills. But shrinking inventory means some homes will still find buyers. — Elon Musk May 1, 2020 The shares surged 68% this year through Friday, helping to boost his net worth by US$8.3 billion, the second-most of anyone in the 500-member Bloomberg Billionaires Index, after Amazon's Jeff Bezos, the world's richest person.

 

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