In a bold move in 2020, Musk announced his decision to sell most of his physical belongings, including several multi-million dollar homes in Los Angeles. He now resides in a modest $50,000 prefabricated house near SpaceX’s headquarters in Boca Chica, Texas. This lifestyle choice reflects a deeper commitment to his mission of advancing humanity, as Musk believes that material possessions can distract from his larger goals.