Elon Musk’s recent purchase of a foldable home, which is a prototype built by Boxabl in South Texas. This purchase comes at a time when housing costs are skyrocketing, making it increasingly difficult for average people to afford homes. Elon Musk’s affordable house, priced at $330,000, is a potential solution to this problem.

The video traces the origins of this affordable housing initiative to Elon Musk’s decision to move into a tiny prefab house built by Boxabl. This move sparked significant interest in tiny homes, leading to a surge in orders for Boxabl. Elon Musk, recognizing the potential of this market, decided to modify the Boxabl design to create an even more affordable and appealing housing option.

The key features of Elon Musk’s affordable house include its modularity, affordability, and sustainability. The house is made primarily of hardwood, which makes it lightweight and structurally sound. It can also be equipped with solar panels and a solar energy system, making it a self-sustainable and eco-friendly option.

The price of the house varies depending on the level of customization and features. The base model, which includes furniture and solar systems, is priced at $30,000. However, the final price may be higher, especially in the initial years of production, as Tesla works to refine the production process and scale up production.

While the house is still in the development stage, it is expected to be available for purchase in the next few years. This affordable housing solution has the potential to revolutionize the housing market and provide a much-needed affordable housing option for millions of people.