Elon Musk cuts offer price on his 7-bedroom California mansion

Elon Musk has lowered the price of his California mansion by $5.5 million, as he tries to sell the remainder of his properties.

The 16,000-square-foot Bay Area home of Tesla CEO Elon Musk was listed for $31.99 million, Bloomberg reported, down from $37.5 million in a previous listing.

Musk’s European-style mansion, set on a 47-acre site in Hillsborough, California, was first listed for sale in a June tweet.

He said he had, “decided to sell my last remaining house. Just needs to go to a large family who will live there.”

According to the Bloomberg Billionaires Index, Musk is worth $228 billion and is the richest man in the world.

The mansion includes seven bedrooms and ten bathrooms, and has a library and a music room, as well as a fully restored kitchen and private pool.

Musk, 50, previously said the mansion is rented out for occasions and that if he sold it, it would see less use, unless owned by a large family, which might happen sometime.

Elon Musk said last week that Tesla will relocate its headquarters from Palo Alto, California, to Austin, Texas, where it is building a major car and battery production complex.

Tesla has joined Oracle, Hewlett Packard Enterprise, and Toyota Motor in relocating their US headquarters from California, where taxes and living costs are relatively high.

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