Caixin News, September 5th (Reporter: Li Jie) The rumor about Tesla CEO Elon Musk buying a property in Beijing has caused widespread attention on the internet and has become a hot topic in the market.

Today, multiple Beijing property agencies have released videos on social media platforms claiming that Elon Musk has purchased an aerial courtyard located at No. 8 Xiaoyun Road in Beijing for a price of 0.15 billion US dollars.

In response to this, a staff member of a Beijing property agency claimed to the reporter, 'We have learned from the developer that Musk has purchased the aerial courtyard at No. 8 Xiaoyun Road for 0.15 billion US dollars. The area of this layout is 900 square meters, with an additional 600 square meters of loft and 200 square meters of terrace.'

Regarding the information provided by the staff member of the agency, the reporter further sought confirmation from the development company, Hopson Development. They stated, 'We are not aware of the specific situation.'

This incident was initially shrouded in mystery, but later, Tesla China quickly clarified the rumors. Regarding the rumor of Musk buying a property in Beijing, Tesla China clearly stated to the Caixin reporter, 'It's fake news and speculation.'

In fact, as a globally renowned business tycoon, Musk's every move is closely watched.

Public information shows that in May 2023, Musk visited the luxury housing project MAHA in Beijing. In September of the same year, Musk's mother, Maye Musk, also appeared at the project and attended an event with Hopson Development Chairman and MAHA China Co-Chairman Zhu Jurerong.

It is reported that No. 8 Xiaoyun Road was built by the "Yue-style real estate company" Hopson Dev Hold, and later renamed as Manhe Beijing. The unit types of this project range from 450 square meters to 900 square meters, with an average price of 0.167 million yuan/square meter. The main unit types are five-bedroom and larger units, including an aerial courtyard of around 1000 square meters.

According to the aforementioned property institution personnel, the total price of a set of aerial courtyards in Manhe Beijing ranges from 0.56 billion yuan to 0.9 billion yuan, and the financial verification threshold for purchasing this product is 0.1 billion yuan.

Some analysts believe that the rumor of "Musk buying a house in Beijing" may be a misunderstanding or a hype.

It is worth noting that Elon Musk, this top billionaire, has set up a persona of "owning no real estate."

On May 1, 2020, Musk tweeted, "I will sell all physical assets and not keep a single house."

According to media reports, starting from June 2020, Musk has been gradually selling multiple mansions located in the Bel Air area of Los Angeles and other regions, with a total value exceeding 0.1 billion US dollars.

For example, his first sold mansion in Bel Air was sold for as high as $29 million in June 2020. The 16251-square-foot mansion features facilities such as a library, swimming pool, spa center, and a home theater. In the same year, in October, he sold another mansion in Bel Air that once belonged to actor Gene Wilder for $7 million, with a request to preserve its cultural heritage upon sale. Subsequently, Musk continued to sell his other mansions in California, one of which was sold in December 2020 for $20.9 million. In addition, he also sold several smaller properties in the Bel Air community.

Musk has stated that selling houses is for freedom: "This is for freedom... I don't need cash, I devote myself to Mars and Earth, things you own just weigh you down. Wealth makes people feel oppressed; after selling properties, others will not attack me for being a billionaire, I will consider renting for living in the future."

Although Musk once explained that the reason for selling the property was to "dedicate to Mars and Earth, having too much stuff will only become a burden", some analysts believe that this move may be due to cash flow considerations or to avoid the future impact of high tax policies on personal wealth.

According to Interface News, after Musk sold his mansion, he moved into a 36-square-meter "ADU rental house" located in the SpaceX park, and posted this on his social media.