• Elon Musk announced Friday that he’s selling “almost all” his physical belongings.
  • The billionaire Tesla CEO tweeted that he “will own no house.” He currently owns at least seven houses worth over $100 million total.
  • 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,” which appeared to trigger a selloff Friday morning.
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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 po sessions.”

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. Tesla’s stock was down 9.3% as of this writing.

Musk followed up with a tweet that his girlfriend, songwriter and producer Grimes, is mad at him.

—Elon Musk (@elonmusk) May 1, 2020

Musk owns at least seven lavish houses totalling over $100 million dollars. He and Grimes are expecting a baby due Monday, he said in a subsequent tweet.

His remarks 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.

—Elon Musk (@elonmusk) May 1, 2020

Musk has previously run afoul of the SEC for tweeting about Tesla shares. He settled an SEC lawsuit last year after tweeting that he was considering taking Tesla private at $420 per share. As part of the settlement, Musk agreed not to send tweets that could potentially move Tesla’s stock price.

An SEC spokesperson did not immediately respond to a request for comment.

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