Last week, Tesla CEO Musk tweeted that he would empty his fixed assets and sell all the houses. However, Musk said in the following comments that the old house he bought in gene wilder's former residence was not included.
So a few days ago, Musk was practicing his movements. It was found that two of his properties in California were being sold. One is a manor with a listing of $30 million, and the other is gene wilder's former residence ranch with a listing of $9.5 million. Of course, Musk has indicated that he will not sell the old house of his former residence.
I am curious. Since gene wilder's former residence has been transformed into a private school by Musk, where should his children go to school if they are sold?
These two properties are very close, both located in the famous luxury residential area of Los Angeles, with a listing price of * * * $39.5 million. If the transaction can finally be made at the listing price, the real estate investment of both Musk companies is profitable. For example, when he bought gene wilder's former residence, it was $6.5 million. Now the listing price is $9.5 million. If he sells it, he will make 3 million dollars.
So the question is coming? Why did Musk sell the house? Even according to his words, it is a "clearance" business?
Due to the epidemic in the United States, economic activities in most areas are at a standstill. According to the financial report released by Tesla a few days ago, Tesla's free cash flow in the first quarter of this year was-895 million US dollars, which represents the flexibility of corporate funds to some extent. The negative value is mainly due to Tesla's recent investment in building a new factory and the negative impact of the epidemic on Tesla's own sales.
Finally, it is precisely because Tesla's free cash flow is negative. Some people speculate that the main reason for Musk to sell the house is to help Tesla improve its relative cash flow.