Musk’s vow to sell homes aimed at blunting billionaire barbs

By Dana Hull and Ed Ludlow
Elon Musk elaborated on his pledge to sell his homes and most of his possessions, telling comic Joe Rogan that persons are more and more and wrongly taking a dim view on the existence of billionaires.

“Possessions kind of weigh you down,” the chief government officer of Tesla Inc. and SpaceX stated on the “The Joe Rogan Experience” podcast. “They’re kind of an attack vector, you know? People say, ‘Hey, billionaire, you’ve got all this stuff.’ Well, now I don’t have stuff. Now what are you going to do?”

Musk, 48, listed two of his California homes on the market on Sunday, searching for a mixed $39.5 million for the Bel Air properties, together with one beforehand owned by the late Gene Wilder. He vowed to sell the homes and most of his possessions in a burst of May 1 tweets during which he additionally stated he believed Tesla’s inventory worth was too excessive.

Tesla’s market worth earlier this week reached the edge wanted for Musk to accumulate 1.69 million inventory choices he can train at $350.02 apiece, giving them a price of greater than $700 million. Achieving all the moonshot objectives specified by the pay bundle may yield Musk greater than $50 billion, in accordance to Tesla’s estimates.

Virus Sequel

Musk and Rogan spoke for roughly two hours about Musk’s son born earlier this week, his brain-interface startup Neuralink and the coronavirus, amongst different subjects.

“I saw this whole thing play out in China before it played out in the U.S.,” Musk stated of the unfold of the virus. “It’s like watching the same movie again but in English.”

Musk has been vital of shutdown measures, saying they’re an affront to civil liberties. The firm’s vehicle-assembly plant in Fremont, California, has been idle since late March, and well being authorities within the San Francisco Bay space have instructed individuals to shelter in place till the top of the month.

Governor Gavin Newsom has signaled that California is prepared to enter the second stage of its reopening, however counties can set their very own timelines.

Reopening Prediction

“We’re rapidly moving toward opening up the country,” Musk stated. “It’s going to happen extremely fast over the next few weeks.”

Musk stated Tesla’s subsequent priorities are ramping up output of the brand new Model Y crossover, setting up a manufacturing facility close to Berlin, increasing manufacturing at a brand new plant on the outskirts of Shanghai and creating the Cybertruck. Musk stated the Cybertruck is probably going to arrive earlier than the next-generation Roadster sports activities automobile.

Musk triggered a firestorm when he final appeared on the podcast in September 2018 by taking a drag from a blunt Rogan stated contained tobacco blended with marijuana. The Pentagon later reviewed the federal safety clearance Musk obtained as CEO of Space Exploration Technologies Corp., which is licensed to launch army spy satellites. The firm is scheduled to fly American astronauts to the International Space Station for NASA later this month.

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