Tesla CEO Elon Musk has now officially gone from being a Los Angeles homeowner to a tenant. Last week, he officially handed over four luxury homes under his name to a company owned by real estate developer and designer Ardie Tavangarian, completing the $62.5 million deal announced in July of this year.

　　At the beginning of 2020, Musk owned six mansions in Bel Air, an upscale Los Angeles residential complex, but in May of this year, he announced that he would “sell all of his physical assets and no longer own a house.” When netizens asked him why, he said it was for “freedom,” saying that he “doesn't need cash; wealth will only crush you.”

　　In June of this year, he sold the largest mansion to Chinese billionaire Ding Lei for 29 million dollars, and in October he sold his second mansion, the former home of the late Hollywood movie star Gene Wilder (Gene Wilder), to Wilder's nephew.

　　Last week, Musk completed the sale of the remaining four mansions. He bought these four luxury homes between 2015 and 2019, for a total price of 55 million US dollars, and later invested a large amount of money in renovation and renovation. If these expenses were taken into account, the sale price of 62.5 million US dollars did not make him much money.

　　However, Musk has yet to fully deliver on his promise to sell all of his properties. He still owns a 47-acre property in the wealthy Silicon Valley town of Hillsborough (Hillsborough), which he bought in 2017 for $23.4 million.

　　After selling all of his Los Angeles properties, where does Musk live now? The 49-year-old father of 6 children is reportedly looking for luxury homes to rent in some of the region's most luxurious areas. One of the properties he visited was a mountaintop mansion in Pacific Palisades (Pacific Palisades) in the western district of Los Angeles. The monthly rent is as high as 350,000 US dollars (about RMB 315,000). Perhaps by coincidence, the property belongs to Ardie Tavangarian.