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Tesla : Elon Musk puts his LA home up for sale worth $4.5 Million

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02/12/2019 | 11:19am EST

The front of the home. HILTON & HYLAND

The front entrance of the house.

The flatiron-shaped of the house and top view.HILTON & HYLAND

An open plan living room next to the kitchen.HILTON & HYLAND

The kitchen.

One of four bedrooms. HILTON & HYLAND

CAPE TOWNTesla's chief executive Elon Musk has decided to put up one of his homes for sale in Los Angeles.

According to a report by Forbes, the mansion is listed as a four-bedroom, three-bath home for $4.5 Million (R61 million).

The report by Forbes states that he first bought the house in 2014 with his ex-wife Talulah Riley for $3.695 million (R50 million).

The 3,000-square-foot house makes use of spacious open-plan rooms, such as this living room off of the kitchen.

It also features sliding glass doors out to the pool and a painted brick wall and is built with a few earth-friendly features including dual tankless hot water system, dual-zone climate control and irrigated drought-tolerant landscaping.

No reason is given as to why the home is up for sale.

It’s been almost 30 years since Elon Musk left South Africa to start a new life in the US.

It is said that the billionaire may be about to bring his Tesla electric cars back home.

“Probably end of next year,” the chief executive officer of Tesla replied to a South African fan on Twitter, who asked him when a store would open in the country of the businessman’s birth. “Amazing – I’m first in line when it happens!” replied the individual

BUSINESS REPORT ONLINE

(c) Cape Community 1999 - 2019 Independent Newspapers (Pty) Limited. All rights strictly reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2019 28 253 M
EBIT 2019 1 551 M
Net income 2019 350 M
Debt 2019 7 471 M
Yield 2019 -
P/E ratio 2019 214,16
P/E ratio 2020 50,16
EV / Sales 2019 2,10x
EV / Sales 2020 1,75x
Capitalization 51 959 M
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Mean consensus HOLD
Number of Analysts 30
Average target price 332 $
Spread / Average Target 9,9%
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NameTitle
Elon Reeve Musk Chief Executive Officer
Robyn M. Denholm Chairman
Deepak Ahuja Chief Financial Officer
Jeffrey B. Straubel Chief Technology Officer
Gary Clark Chief Information Officer
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